BlackRock has become the largest asset management company in the world. filed an updated 19b-4 form Spot Ethereum ETF Application. In fact, in response the SEC’s request for updated information amid impending authorizations, the company had revised its submission with them.
BlackRock, one of the largest asset managers in the world, was amongst those who issued spot Bitcoin ETFs this year. Spot Ether is expected to get the green light, allowing BlackRock to maintain its 10-year approval streak with the SEC.
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BlackRock Submits its Updated Ethereum Funding Filing with Approval Near
After the approval of Spot Bitcoins ETFs, in January all eyes turned to what other asset might receive an investment option similar. At the beginning of this month, those hopes were fading as Ethereum ETF applications faced constant delays. Things took a new turn last week when the SEC seemed to change its perspective.
Bloomberg noted that the approval chances increased from 25% to 75 % as a result of this abrupt shift. A number of issuers now follow SEC guidelines in regards to their applications. BlackRock has just filed a revised 19b-4 Form for its Spot Ethereum ETF.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/SEC-Expected-to-Deny-Spot-Ethereum-ETF-Next-Month.jpeg)
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It has a long history of success with SEC. In fact, only one ETF has ever been denied to the largest asset management firm in the world. A revised application for the Total Return ETF, which was previously denied, has been approved and hit the market last December.
In total, nine firms seek approval for Spot Ethereum ETF. BlackRock is one of them. VanEck and ARK 21Shares are another. Grayscale, Invesco Glaxy Fidelity Franklin Btiwise Btiwise.
EThereum will experience an increase in its value that is unprecedented. The $725 billion assets manager is a real asset. Bernstein The asset will reach a new record high of 6,600 dollars if ETH ETF is approved.
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Source: watcher.guru