<ul><li>The U.S. Securities and Exchange Commission (SEC) has acknowledged BlackRock’s application for in-kind redemptions in its Ethereum Exchange-Traded Fund (ETF), marking a significant step in the approval process for BlackRock’s spot-based Ethereum ETF.</li><li>BlackRock’s proposal for in-kind redemptions aims to boost liquidity, reduce transaction costs for ETFs, and allow authorized participants to convert Ethereum for ETF shares without capital gains taxes if approved.</li><li>BlackRock's Ethereum ETF filing led to an increase in daily inflows to $45 million, sparking optimism in the market. The SEC has opened a 240-day window for public comments on the proposed changes before making a final decision.</li><li>The SEC's consideration of BlackRock's Ethereum ETF amendment comes as the cryptocurrency space gains momentum, with Ethereum's price rising by 2% to $2,509. The outcome of the SEC review could impact the formation and regulation of future cryptocurrency ETFs.</li></ul>

SEC Reviews BlackRock’s Ethereum ETF: In-Kind Redemption Proposal

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