๐น BlackRock & Ethereum ETF โ Key Update
๐ข The SEC has officially acknowledged BlackRockโs application for an Ethereum-based ETF (Exchange-Traded Fund) โ a strong bullish signal for ETH.
๐ก This confirms what was often misunderstood:
ETFs do not buy Ethereum directly unless authorized by the SEC.
Many analysts mistakenly claimed that ETFs were already buying ETH โ which was inaccurate.
Real purchases come from institutions and individuals, not directly from ETF issuers.
๐ง Previously, I emphasized how Grayscale-like funds were only facilitating demand via borrowing or lending mechanisms, not spot market purchases. This update proves it clearly.
๐ Bottom line: โก๏ธ Approval = game changer.
โก๏ธ Still pending = speculation, not inflow yet.
โก๏ธ Watch for actual SEC approval ๐
