SEC Seeks Comments on BlackRock’s Revised Spot Ethereum ETF Proposal
The US Securities and Exchange Commission (SEC) is seeking public opinion on a revised version of BlackRock's proposed Ethereum exchange-traded fund (ETF) for spot trading. BlackRock proposed the ETF in November 2023 to track the price performance of Ethereum. The SEC postponed its decision on the proposal in January and accepted Nasdaq's revisions on April 19. The revised document discusses the creation and redemption process of the ETF. The SEC has requested comments within 21 days, which will be published on its website.
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