BlackRock, the company that expanded its cryptocurrency strategy beyond Bitcoin by filing for spot ether last week, took a new step this morning. The company submitted its prospectus containing detailed information about the ETF products to the SEC and requested its approval.
These prospectuses, also called S-1 applications, usually contain detailed information about the relevant ETF product. After accepting S-1 applications, the SEC typically approves the ETF product.
custody company coinbase
Coinbase was shown as the custody company for Ether in the information file. There was no information on whether Ether would be staked or if shares would be distributed to shareholders.
BlackRock also filed for a Bitcoin spot ETF in June.
There was not much change in the price of Ether after this development. At the time of writing, ETH was trading at around $2070.
The SEC also postponed filings for the Hashdex Spot Bitcoin ETF and Grayscale Futures Ether ETF last night.
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