BlackRock's Ethereum ETF: SEC's Surprising Nod to In-Kind Redemptions! 😲💰

Ah, the grand theater of finance, where the US SEC, that venerable gatekeeper of fiscal propriety, has deigned to acknowledge the audacious ballet of BlackRock’s Ethereum ETF filing. Yes, dear reader, the floodgates have swung wide open, inviting a deluge of public comments on BlackRock’s myriad amendments. How delightful! 🎭

In a twist worthy of a Dostoevskian plot, the SEC has confirmed BlackRock’s desire to amend certain aspects of its Ethereum ETF. A public release, dripping with bureaucratic charm, reveals that the SEC has given a nod—albeit a cautious one—to permit in-kind creations and redemptions for its iShares Ethereum Trust. One can almost hear the collective gasp of Wall Street! 😱

On that fateful day, May 10, BlackRock, in a move that could only be described as both bold and slightly mad, filed the amendment mere hours after a tête-à-tête with the Commission’s Crypto Task Force. One can only imagine the riveting discussions that transpired—perhaps over a cup of lukewarm coffee and a shared disdain for paperwork.

Now, the SEC, in its infinite wisdom, has a generous 240 days to either bless or banish this amendment proposal into the abyss of regulatory purgatory. Meanwhile, they are seeking comments on the proposal, as if the opinions of the masses could sway the mighty hand of fate. Ah, the irony! 🧐

Per the original filing, BlackRock’s Ethereum ETF promises to allow… Read More at Coingape.com

2025-05-21 23:29