The US SEC has acknowledged BlackRock’s Ethereum ETF filing for an in-kind creation and redemption process. For now, the securities regulator has opened the floodgates for public comments for BlackRock’s raft of amendments. US SEC Recognizes BlackRock’s Ethereum ETF Amendment Filings The US SEC has confirmed the filing by BlackRock to amend certain parts of its Ethereum ETF. According to a public release, the SEC acknowledged BlackRock’s filing to permit in-kind creations and redemptions for its iShares Ethereum Trust. On May 10, BlackRock filed the amendment with the SEC hours after a meeting with the Commission’s Crypto Task Force. The SEC has 240 days from the date of the original filing to approve or decline the amendment proposal for the Ethereum ETF. Per the statement, the SEC is seeking comments on the amendment proposal before issuing a decision on the matter. Per the original filing, BlackRock’s Ethereum ETF will allow… Read More at Coingape.com
The post Just In: SEC Acknowledges BlackRock’s Ethereum ETF Filing For In-Kind Redemptions appeared first on CoinGape.
