BlackRock has submitted an S-1 application to the SEC to amend its Ethereum ETF, introducing an in-kind creation and redemption process to enhance liquidity and reduce trading costs.
BlackRock's increased holdings in Ethereum and the introduction of in-kind processes demonstrate growing institutional interest in the cryptocurrency.
Ethereum's price surge, BlackRock's acquisition of ETH, and the potential SEC approval of in-kind creation signify a positive outlook for Ethereum ETFs.
Expectations are high for the SEC to approve the in-kind redemption request for Ethereum and Bitcoin ETFs by the end of 2025, potentially reshaping the future of crypto ETF operations.