BlackRock Submits Amended S-1 Documentation for Ethereum ETF, Including Seed Funding Information

BlackRock filed an amended S-1 registration statement for the proposed Ethereum ETF, disclosing information about seed capital investors. "On May 21, 2024, Seed Capital Investor conditionally purchased 400,000 shares of Seed Creation Baskets at a price equivalent to $25 per share," BlackRock said in the amended filing. The shares will be listed and traded under the ticker symbol "ETHA." The U.S. SEC recently began conversations with issuers about the S-1 form, and some analysts speculate that the process could take weeks. Bloomberg ETF analyst Eric Balchunas wrote on the X platform on Wednesday that BlackRock's filing of the S-1 amendment was a "good sign." There is a reasonable possibility of launching an Ethereum ETF at the end of June, but analysts still believe it will be launched on July 4. (The Block)