BlackRock Eyes Direct ETH Redemptions with New Filing

The post BlackRock Eyes Direct ETH Redemptions with New Filing appeared first on Coinpedia Fintech News

BlackRock has filed to allow in-kind redemptions for its Ethereum Trust, a move that would let the firm buy back Ethereum (ETH) directly instead of using cash. This change would align the trust more closely with how spot ETFs operate and could offer investors greater flexibility and efficiency. If approved, it signals growing institutional confidence in Ethereum and the broader crypto market, paving the way for more traditional finance players to enter the space.