The listing of a spot ether ETF by the end of June is “a legit possibility,” Bloomberg analyst Eric Balchunas said after BlackRock filed an amended S-1 form, revealing a “seed capital investor” had purchased the initial shares for the proposed product. “On May 21, 2024, the Seed Capital Investor, an affiliate of the Sponsor, subject to conditions, purchased the Seed Creation Baskets, comprising 400,000 Shares at a per-Share price equal to $25.00,” the S-1 form showed. “The net asset value of the Trust was $10,000,000.” Subject to regulatory approval, assets held in the ETF can be redeemed for cash or even ether. The iShares Ethereum Trust ether ETF will list and trade under “ETHA.”
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