BlackRock updates its US spot Ethereum ETF filing, receives $10 million in funding from seed investors

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According to Foresight News , Decrypt reported that BlackRock and Grayscale updated their US spot Ethereum ETF documents to add seed investors and establish custodians. Among them, BlackRock has obtained $10 million in funds from a seed investor who purchased shares of the upcoming iShares Ethereum Trust. The seed investor purchased 400,000 shares at $25 per share and will serve as a "legal underwriter." Seed capital investors initially provide funds for the ETF to get it launched and traded on the stock exchange. Grayscale has added Coinbase as its fund custodian.

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