BlackRock and the ETH Spot Redemption Mechanism
On May 12, according to information from Solid Intel, BlackRock has applied for permission to open an Ethereum Trust fund, allowing for a physical redemption mechanism, specifically the buyback in the form of ETH spot. This move marks a significant step in BlackRock's participation in the cryptocurrency market.
Physical Redemption Strategy
The physical redemption mechanism allows investors to redeem assets using Ethereum, enhancing liquidity and stability. This helps investors easily participate in the market with lower risk.
Impact on the Market
BlackRock's application not only demonstrates increased interest from large financial institutions, but may also lead to the development of new investment products in the cryptocurrency market.
Legal Notice
Although this is important news, it is only intended to provide market information and does not constitute investment advice. Investors should carefully consider and refer to additional sources of information before making decisions.
Source: https://tintucbitcoin.com/blackrock-mo-cua-doi-truc-tiep-ethereum-trust/
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