“Innovative Seed Capital Investor Acquires Initial Shares of BlackRock Ether ETF”

BlackRock has submitted an amended S-1 form for its proposed Ethereum ETF, providing more information about the product. The form reveals that a “seed capital investor” has purchased the initial shares of the product. According to the S-1 form, on May 21, 2024, an affiliated company of the sponsor, Seed Capital Investor, bought the seed creation basket at a price of $25.00 per share, which includes 400,000 shares of stock. The net asset value of the trust is $10,000,000.