On May 29, BlackRock submitted an amended S-1 form for Ether ETFs to venture further into the US digital assets market with spot ETH ETFs. The original S-1 prospect document was initially filed on November 15, 2023. The amended filing encompasses the anticipated changes relevant to the market developments for ETH ETFs. However, the document remains provisional pending the SEC’s determination on the filing. The iShares Ethereum Trust is poised for introduction to the market by June 2024, subject to approval and finalization of the document. The trust shares will be tradable on NASDAQ under the ticker ETHA, with potential variations in market prices post-listing compared to the net asset value. Funds from the trust will be utilized for creating Baskets comprising cash deposits, which will be managed by the cash custodian or Prime Execution Agent until used for acquiring Ether. These cash deposits will be allocated to authorized participants for basket redemption, sponsor fee payments, and trust expenses. Various risk factors relate to digital assets, the digital asset market, trust, and sponsor. BlackRock anticipates ETFs on other digital assets like Cardano, Avalanche, and Solana, while industry observers and the Ripple Founder foresee ETFs on XRP. BlackRock leads the filing updates, with other candidates like Hashdex and Vanguard yet to provide their progress. The market projects final authorization and deployment of Ether ETFs in the US during June. Industry experts forecast a surge in Ethereum prices post-ETH ETF launch, with rising buying volumes observed in call options at $4000 and $5000 strike prices. As of the latest data, ETH trades at $3,754, encountering a 0.20% drop.