BlackRock Files Amended S-1, Enabling Direct Ethereum Spot ETF Transactions

BlackRock’s latest move in the world of crypto ETFs is gaining attention as they filed an amended S-1 for their Ethereum spot ETF on October 3rd, 2023. This change allows for direct ETH asset transactions and is expected to improve market liquidity. The SEC awaits their response, as this filing aligns with a broader industry trend towards ‘in-kind’ redemptions, similar to initiatives from companies like Invesco Galaxy and VanEck.