The Securities and Exchange Commission (SEC) is seeking feedback from the public regarding BlackRock’s revised application to launch a cash-settled Ether exchange-traded fund (ETF) on the spot market. Previously, Nasdaq had proposed an asset swap arrangement for this ETF, but the SEC has now asked for comments on the modification to the rule. Key topics of discussion include any related guidelines that need attention.
BlackRock changed its strategy as mentioned in their recent filing. Instead of using ether directly, they have chosen a cash redemption method. This change aligns with conversations the company had with the SEC last year about bitcoin ETFs that are based on spot prices. Unlike other companies such as Fidelity and Grayscale, BlackRock’s amendment does not include provisions for staking.
Although BlackRock and Fidelity, among other companies, have applied for Ethereum spot ETFs, the chances of approval have decreased significantly. According to Eric Balchunas, an ETF analyst at Bloomberg, the probability of approval has dropped from 70% to only 25% for May. Moreover, the Securities and Exchange Commission (SEC) extending the review periods for other proposals highlights the regulatory hurdles that lie ahead.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Castle Duels tier list – Best Legendary and Epic cards
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Mini Heroes Magic Throne tier list
- Maiden Academy tier list
- AOC 25G42E Gaming Monitor – Our Review
- Hero Tale best builds – One for melee, one for ranged characters
- Starseed Asnia Trigger tier list and a reroll guide
2024-04-24 01:08