🔹 BlackRock & Ethereum ETF – Key Update
📢 The SEC has officially acknowledged BlackRock’s application for an Ethereum-based ETF (Exchange-Traded Fund) – a strong bullish signal for ETH.
💡 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 — which was inaccurate.
Real purchases come from institutions and individuals, not directly from ETF issuers.
🧠 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.
📌 Bottom line: ➡️ Approval = game changer.
➡️ Still pending = speculation, not inflow yet.
➡️ Watch for actual SEC approval 👀
