When Will Blockrock’s ETHA Ethereum ETF Be Released For Trading

The latest buzz in cryptocurrency is around the anticipated launch of BlackRock’s Ethereum ETF, known by its ticker symbol, $ETHA. This ETF has been listed on the Depository Trust & Clearing Corporation (DTCC), a financial services company that provides clearing and settlement services for the financial markets.

However, the trading of $ETHA is currently on hold, pending approval from the U.S. Securities and Exchange Commission (SEC).

The SEC’s approval is a crucial step in the process of launching any ETF. This regulatory body reviews each ETF’s S-1 filing, which provides detailed information about the fund, including its investment strategy, risks, performance, and management.

The timeline for this approval process can vary significantly, with estimates ranging from a few weeks to several months.

Bloomberg ETF analyst James Seyffart suggests that the SEC’s review of the S-1 filings could take up to five months.

This estimate, however, is not set in stone. The actual timeline may vary based on a multitude of factors, including the complexity of the ETF, the workload of the SEC, and the current regulatory environment.

While the exact release date for trading $ETHA is not yet known, the listing of the ETF on DTCC is a positive sign. It indicates that BlackRock, the world’s largest asset manager, is making strides in its efforts to provide investors with exposure to Ethereum, the second-largest cryptocurrency by market capitalization.