BlackRock, a major asset management company, is making changes to its filing for an Ethereum exchange-traded fund (ETF) in the spot market with the U.S. Securities and Exchange Commission (SEC).

In the new documents, BlackRock, which manages over $10 million in assets, has amended its S-1 filing with the regulatory agency as the approvals process moves to the next stage.

An S-1 filing, also known as a registration statement, is a mandatory form that all entities must submit before offering new securities products.

BlackRock initially filed its S-1 in November 2023, but it signed the amended version on May 29th. The amended form reveals that BlackRock’s seed investor purchased 400,000 shares of the ETF at $25 per share and that the firm’s ETH ETF ticker will be called “ETHA.”

According to Bloomberg ETF analyst Eric Balchunas, this is a positive sign that the ETH ETFs could be approved by late June or early July.

“Good sign. We will probably see the rest roll in soon. Then there will likely be one more round of fine-tuned comments from the Staff. A launch by the end of June is a legitimate possibility, although I’m keeping my over/under date as July 4th.”

Last week, the SEC approved 19b-4 filings from BlackRock and other major players in the industry, including ARK Invest, VanEck, Fidelity, and Grayscale, which are also required to offer spot market ETH ETFs.

The SEC’s approval prompted a deep-pocketed crypto investor to spend nearly $25 million on Ethereum-based altcoins at the time, such as Lido (LDO), Uniswap (UNI), Aave (AAVE), and Ethereum Name Service (ENS).

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