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BlackRock Files Amended S-1 Registration Statement for Its Spot Ethereum ETF
According to a public document, BlackRock filed an amended S-1 registration statement for its spot Ethereum ETF. In the amended form, BlackRock disclosed information about its seed capital investors.
“On May 21, 2024, the Seed Capital Investor (an affiliate of the Sponsor) conditionally purchased Seed Shares, consisting of 400,000 shares, at a price of $25.00 per share,” BlackRock said in the amended filing. The asset management company also said the shares will be listed and traded under the ticker symbol “ETHA.”
Bloomberg ETF analyst Eric Balchunas called BlackRock’s revised S-1 a “good sign.” “We’ll probably see filings from the rest of the issuers soon, and then maybe another round of fine-tuning reviews from staff,” he said. “A late June launch is a legitimate possibility, although my estimate (sooner or later) is still July 4.”
[NYSE President: If the regulatory situation becomes clearer, NYSE will consider offering crypto trading]
The New York Stock Exchange would consider offering cryptocurrency trading if there is more clarity on the regulatory situation in the United States, New York Stock Exchange President Lynn Martin said during a panel on Wednesday.
“If there is clear regulatory guidance (in the U.S.), it would be an opportunity worth watching,” Martin said. She added that the accumulation of $58 billion in assets by U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) is a “strong signal” that there is demand for regulated crypto products.
As reported by the Financial Times earlier this month, the Chicago Mercantile Exchange (CME), the NYSE’s U.S. rival and regulated futures trading giant, is planning to launch spot cryptocurrency trading to its customers.
[The U.S. Treasury Department said that NFT is very easy to be used for fraud and scams, and recommended that it be regulated]
The U.S. Treasury Department said in a new risk assessment on illicit finance that non-fungible tokens (NFTs) are "extremely vulnerable to use in fraud and scams and are susceptible to theft," the first time the department has listed NFTs as a means of committing fraud and other crimes.
“The report finds that bad actors can use NFTs to launder proceeds of previous crimes, often in combination with other methods to conceal the illicit origin of the proceeds,” the U.S. Treasury Department said on Wednesday.
The U.S. Treasury Department also determined that NFT platforms "lack appropriate controls" to combat money laundering and sanctions evasion. Therefore, the Treasury Department recommends further regulation of NFTs and their trading platforms.
[ Cathie Wood : Ethereum ETF was unexpectedly approved because cryptocurrency has become an election issue ]
In an interview with podcast host Peter McCormack, ARK Invest CEO Cathie Wood said that cryptocurrency has now become an election issue in the United States, which is why key documents for the proposed Ethereum exchange-traded fund (ETF) were unexpectedly approved, in addition to the unexpected approval and passage of FIT21 by the House of Representatives.
“If it had been approved in the regular way, we would have received an inquiry from the SEC,” she said. “No one had ever received an inquiry from the SEC before. Another thing that happened was that former President Trump became more moderate on Bitcoin and cryptocurrencies. That week, he said he would accept campaign donations in the form of cryptocurrencies, which attracted the attention of the government.”
[ Gemini : Gemini Earn users will recover $2.18 billion in assets in the form of cryptocurrency]
Cryptocurrency trading platform Gemini said in a statement that they reached a principle settlement with Genesis and other creditors in the Genesis bankruptcy case, and Gemini Earn users will receive a physical return of $2.18 billion worth of cryptocurrency, which means that customers who lend one bitcoin will receive one bitcoin. Gemini said the value of the funds distributed this time has increased by 232% from when withdrawals were stopped in November 2022.
Gemini Earn customers can expect to receive their remaining “asset balances” within the next year, the company said Wednesday.
【 Taiko changes token code from TKO to TAIKO】
Taiko posted on the X platform: Considering some similar discussions about token codes this week, we hope to be fair to everyone. We noticed that another project has used TKO as its code, so we decided to change our token code to TAIKO.
Author: BitpushNews Mary Liu
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