BlackRock Files to Enable In-Kind Redemptions for Ethereum Trust Allowing Direct ETH Buybacks

BlackRock has filed regulatory documents to enable in-kind redemptions for its Ethereum Trust. This filing allows the trust to directly buy back Ethereum (ETH), facilitating direct repurchases of the cryptocurrency. The move marks BlackRock’s intention to actively manage its Ethereum holdings through direct ETH buybacks within the trust structure. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant