BlackRock has filed an amended S-1 proposal for its Ethereum (ETH) spot ETF, named 'ETHA', signaling further progress toward its potential approval. Bloomberg analyst James Seyffart highlighted the key change on X: the inclusion of "in-kind redemption" language. In-kind redemption allows investors to receive ETH directly when redeeming their ETF shares, rather than a cash equivalent. This is a significant development, potentially making the ETF more attractive to institutional investors already familiar with holding and managing ETH. Seyffart anticipates SEC approval for the ETH spot ETF this year. BlackRock's move aligns with the broader expectation that regulatory hurdles are being cleared, paving the way for increased institutional participation in the Ethereum market. This amendment brings BlackRock's proposal closer to final approval, potentially boosting ETH's market accessibility. ```

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