CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Defiant 2025-05-12 14:05:27

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

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.