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According to a report by Jinse Finance, analyst James Seyffart stated that BlackRock has just submitted a revised S-1 document for its Ethereum spot ETF—$ETHA. The main change is the addition of language allowing physical creation/redemption upon SEC approval. He and his colleague Eric Balchunas both expect the SEC to approve this mechanism at some point this year. Additionally, he noted that this is the first Ethereum ETF application to propose a physical redemption mechanism, with the final approval deadline around October 11, 2025. He also mentioned that BlackRock's Bitcoin ETF $IBIT has submitted revised documents, which included similar physical redemption language as early as February, and this time added a description of "quantum computing risk" as part of standard risk disclosure. He emphasized, "These are just basic risk disclosures. They list any potential issues... This is completely standard and entirely reasonable."

21:00-7:00 Keywords: Vance, ETF Staking 1. Fed's Bostic: It is not wise to adjust policy now; 2. U.S. Vice President Vance to speak at Bitcoin 2025 Conference; 3. BlackRock in talks with U.S. SEC to discuss crypto ETF staking and options trading issues; 4. BlackRock updates Ethereum ETF application to include "physical redemption" and quantum computing risk disclosure;  5. Trump: Costs are down, no inflation, which is contrary to what the Fed and fake news media want.