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On July 17, global asset management giant BlackRock made another precise move – its iShares Ethereum Trust Fund (ETHA) officially submitted a 19 b-4 document to the U.S. Securities and Exchange Commission (SEC), intending to introduce a pledge function for its Ethereum ETF. Although Franklin Templeton, Grayscale, 21 Shares and Fidelity had already submitted similar proposals, when BlackRock joined the battle, market sentiment instantly heated up. The reason is simple: BlackRock is not the fastest one, but it always becomes the one that successfully passes in the end, which once again ignited the outside worlds strong expectations for the SEC to release pledged crypto ETFs. According to analysts estimates, the SEC is expected to give a preliminary response to the early submitted pledge proposals before October this year. If the…# Analysis# Market# TokenPre
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