BlackRock Files Updated Form 19b-4 for Spot Ethereum ETF

The world’s largest asset manager, BlackRock, has filed an updated Form 19b-4 for its Spot Ethereum ETF application. Indeed, the company had officially revised its filing with the United States Securities and Exchange Commission (SEC) in response to its request for updates amid impending approvals.

BlackRock was one of the most prominent asset management firms to issue spot Bitcoin ETFs earlier this year. Additionally, as Spot Ether ETFs are expected to receive the green light, the company would continue a 10-year approval streak, furthering its impressive track record with the SEC.

Read also: BlackRock expects Bitcoin ETFs to be spot traded by Sovereign Wealth

BlackRock submits updated Ethereum ETF filing as approvals near

Following the approval of Spot Bitcoin ETFs in January, all eyes were on which asset could benefit from a similar investment option. Those hopes began to dwindle in early May, as a slew of Ethereum ETF applications faced constant delays. However, things changed this week, with the SEC appearing to change its view.

Bloomberg had noted that this sudden change led to an increase in the chances of approval from 25% to 75%. Now, a multitude of issuers are complying with the SEC’s requests for their applications. The latest to do so was $9 trillion asset manager BlackRock, which filed an updated Form 19b-4 for its Spot Ethereum ETF.

Source: Blockchain Journalist

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The company has proven its incredible streak of approvals with the SEC. Indeed, the world’s largest asset manager has only had one ETF application refused by the agency. Interestingly, the previously rejected Total Return ETF saw an updated application approved, hitting the market in December last year.

A total of 9 companies are seeking approval for their Spot Ethereum ETF application. These include BlackRock, VanEck, ARK 21Shares, Hashdex, Grayscale, Invesco Glaxy, Fidelity, Franklin and Btiwise.

The expected approval is expected to have an unprecedented impact on the value of EThereum. Indeed, a $725 billion asset manager Bernstein previously predicted that the ETH ETF approvals would take the asset back to a new all-time high of $6,600.

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