BlackRock’s Ethereum ETF Gains SEC Nod; In-Kind Redemption Approved

The U.S. Securities and Exchange Commission (SEC) has granted its formal approval of in-kind redemption for BlackRock’s spot-based Ethereum exchange-traded fund (ETF). This development marks a significant step forward for the ETF’s potential launch, as it paves the way for direct asset delivery to investors instead of cash upon selling shares. This follows similar action taken for Bitcoin ETFs in January when the SEC also approved in-kind redemption.