BlackRock, the global investment management corporation, has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) for its proposed Ethereum spot ETF. The submission took place on November 15th, marking a significant step towards listing the ETF.
An S-1 filing is a registration statement submitted to the SEC by a company seeking to bring a security to the public market. It details the company's operations and planned use for the capital raised. In this instance, it's a key step in BlackRock's process of launching their Ethereum spot ETF.
Previously, Nasdaq had forwarded BlackRock’s proposed Ethereum spot ETF application to the SEC. The current action escalates it further, suggesting progress in BlackRock's journey to potentially offer a direct Ethereum investment instrument to its clients
