BlackRock, the largest investment company in the world, has taken an important step: it has applied to the SEC to change the structure of its Ethereum ETF — and this could be a turning point for the entire market.
What happened?
The iShares Ethereum Trust (ETHA) from BlackRock is now seeking approval for an In-Kind Redemption of ETF shares.
This means that institutional participants will be able to exchange fund shares directly for ETH, bypassing dollar settlements. This is the first time in the history of Ethereum ETFs.
Why is this important?
• Tax efficiency: investors can avoid taxable sales by keeping assets in crypto.
• Transparency and accuracy: the mechanism ensures more accurate tracking of the real ETH price.
• Less pressure on the market: the fund is not required to sell ETH for payouts — this reduces volatility.
• Reduction of costs: no need to convert ETH to fiat, reducing operational expenses.
Where is this leading?
Experts, including Bloomberg analysts, believe that this move increases the chances of SEC approval for the ETF, with a decision expected by November 10, 2025.
Such an approach may also open doors for other large funds wishing to work with ETH as a core asset, rather than just as a trading symbol.
What does this mean for the crypto market?
If BlackRock's ETF receives approval, this:
• Simplifies institutional access to Ethereum
• Increases ETH liquidity
• Brings crypto closer to traditional finance
• Confirms: Ethereum is becoming the infrastructure of the future
And now?
At the time of publication, ETH is trading at around $2,560. And while the market remains volatile, such moves by major players are a sign of strength and growth for the entire ecosystem.
Stay tuned for updates on Binance Square. History is being made right now.
