BlackRock updates Ethereum ETF application to include "physical creation and redemption" and Quantum Computing risk disclosure.

GateUser-6433627c · 2025-05-09T22:41:06+00:00

BlackRock has submitted a revised application for an Ethereum ETF, adding physical redemption content, and is expected to receive SEC approval. Analysts point out that this application will be the first Ethereum ETF to propose a physical redemption mechanism, with October 11, 2025, disclosed as the final approval deadline. In addition, BlackRock's Bitcoin ETF has also updated its documents, adding quantum computing risk descriptions as standard disclosures. These risk disclosures are considered compliant and reasonable.

GateUser-6433627c

2025-05-09 22:41:06

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[BlackRock updates Ethereum ETF application, incorporating “physical creation/redemption” and quantum computing risk disclosure] Analyst James Seyffart stated that BlackRock has just submitted a revised S-1 document for its Ethereum Spot ETF - $ETHA, with the main change being the addition of the statement “allowing physical creation/redemption upon SEC approval.” He and his colleague Eric Balchunas both expect the SEC to approve this mechanism at some point this year. Additionally, he pointed out that this is the first Ethereum ETF application to propose a physical creation/redemption mechanism, with a final approval deadline of approximately October 11, 2025. He also mentioned that BlackRock’s Bitcoin ETF $IBIT has submitted revised documents, which included similar physical redemption language as early as February, and this time added a description regarding “Quantum Computing risks” as part of the standard risk disclosure. He emphasized: “These are just basic risk disclosures. They will list any potential issues… This is completely in line with regulations and entirely reasonable.”

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