The initial adopter in the Americas: Digital currency in decline prior to the release of U.S. inflation numbers on Friday.

Bloomberg’s Eric Balchunas expressed that it is possible for a spot ether ETF to be listed before the end of June. This follows BlackRock’s amended S-1 form, which revealed a “seed capital investor” purchasing initial shares for the proposed product. The S-1 form also noted that on May 21, 2024, the Seed Capital Investor, an affiliate of the Sponsor, bought the Seed Creation Baskets, consisting of 400,000 shares at $25.00 per share. The Trust’s net asset value was $10,000,000. If approved by regulators, investors can trade the ETF for cash or ether. The iShares Ethereum Trust ether ETF will be known as “ETHA” when listed and traded.