GBTC - BlackRock Moves Closer To Launching First Spot Ethereum ETF | Benzinga
BlackRock Inc. (NYSE:BLK) has submitted an amended S-1 form for its proposed spot Ether (CRYPTO: ETH) exchange-traded fund (ETF), providing additional details about the newly approved product for listing in the U.S.
What Happened: The filing disclosed that a “Seed Capital Investor” affiliated with the sponsor purchased the initial shares for the ETF.
The document stated, "On May 21, 2024, the Seed Capital Investor, an affiliate of the Sponsor, subject to conditions, purchased the Seed Creation Baskets, comprising 400,000 Shares at a per-Share price equal to $25.00.
The net asset value of the Trust was $10,000,000."
Pending regulatory approval, the assets within the ...