The registration statement for BlackRock’s iShares Ethereum
Trust ETF (ETHA), has been declared effective by the U.S.
Securities and Exchange Commission (SEC). ETHA seeks to track the
price of Ethereum’s native token, ether, and is expected to begin
trading on Nasdaq on July 23, 2024. ETHA carries a 0.25% sponsor
fee with a one-year waiver reducing the fee to 0.12% on the first
$2.5B assets under management (AUM)1.
"Our clients are increasingly interested in gaining exposure to
digital assets through exchange-traded products (ETPs) which
provide convenient access, liquidity and transparency," said Jay
Jacobs, U.S. Head of Thematic and Active ETFs. “Ethereum’s appeal
lies in its decentralized nature and its potential to drive digital
transformation in finance and other industries.”
The iShares Ethereum Trust ETF (ETHA) offers exposure to the
Ethereum's native token, ether, the second largest cryptocurrency
by market capitalization.2 Ethereum, a global technology platform,
is similar to an app store that generates value for ether as usage
increases and more applications are built on top of it.
Over the last 12 months, iShares has launched 170 ETFs and ETPs
including the iShares Bitcoin Trust (IBIT), driving innovation and
providing investors with more choices to help them meet their
investment goals.
With over 20 years of experience and more than 1,400 ETFs
globally, iShares has helped millions of investors access different
corners of the market. Every iShares product is underpinned by
decades of investment expertise and institutional grade
technology.
To learn more about the iShares Ethereum Trust ETF filing visit:
https://www.sec.gov/Archives/edgar/data/2000638/000143774924023199/iset20240720_424b3.htm
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 1400+ exchange traded funds (ETFs) and $3.86
trillion in assets under management as of June 30, 2024, iShares
continues to drive progress for the financial industry. iShares
funds are powered by the expert portfolio and risk management of
BlackRock.
Important Information
A registration statement has been filed for the iShares
Ethereum Trust ETF (“the Trust”) and the registration statement has
become effective. However, shares of the Trust are not yet
available for purchase or sale. Carefully consider the Trust’s
investment objectives, risk factors, and charges and expenses
before investing. This information must be accompanied or preceded
by a current iShares Ethereum Trust ETF prospectus
and iShares Bitcoin Trust Prospectus. Please read the
prospectuses carefully before investing.
The iShares Trusts are not investment companies registered
under the Investment Company Act of 1940, and therefore are not
subject to the same regulatory requirements as mutual funds or ETFs
registered under the Investment Company Act of 1940. Investments in
these products are speculative and involve a high degree of
risk.
Investing involves a high degree of risk, including possible
loss of principal. An investment in the Trust is not suitable for
all investors, may be deemed speculative and is not intended as a
complete investment program. An investment in Shares should be
considered only by persons who can bear the risk of total loss
associated with an investment in the Trust.
Investing in digital assets involves significant risks due to
their extreme price volatility and the potential for loss, theft,
or compromise of private keys. The value of the shares is closely
tied to acceptance, industry developments, and governance changes,
making them susceptible to market sentiment. Digital assets
represent a new and rapidly evolving industry, and the value of the
Shares depends on their acceptance. Changes in the governance of a
digital asset network may not receive sufficient support from users
and miners, which may negatively affect that digital asset
network’s ability to grow and respond to challenges Investing in
the Trust comes with risks that could impact the Trust's share
value, including large-scale sales by major investors, security
threats like breaches and hacking, negative sentiment among
speculators, and competition from central bank digital currencies
and financial initiatives using blockchain technology. A disruption
of the internet or a digital asset network would affect the ability
to transfer digital assets and, consequently, would impact their
value. There can be no assurance that security procedures designed
to protect the Trust’s assets will actually work as designed or
prove to be successful in safeguarding the Trust’s assets against
all possible sources of theft, loss or damage.
The Trust may incur certain extraordinary, non-recurring
expenses that are not assumed by the Sponsor.
The iShares Ethereum Trust ETF (the “Trust”) is not sponsored,
endorsed, issued, sold or promoted by Stiftung Ethereum (the
"Ethereum Foundation"), nor does the Ethereum Foundation make any
representation regarding the advisability of investing in the
Trust. BlackRock is not affiliated with the Ethereum Foundation.
Ethereum Marks are owned by the Ethereum Foundation, used under
license.
Shares of the Trust are not deposits or other obligations of or
guaranteed by BlackRock, Inc., and its affiliates, and are not
insured by the Federal Deposit Insurance Corporation or any other
governmental agency. The sponsor of the trust is iShares Delaware
Trust Sponsor LLC (the “Sponsor”). BlackRock Investments, LLC
("BRIL"), assists in the promotion of the Trust. The Sponsor and
BRIL are affiliates of BlackRock, Inc. The bitcoin and ether
Custodian is Coinbase Custody Trust Company, LLC, which is not
affiliated with BlackRock, Inc. The Sponsor is not responsible for
losses incurred due to loss, theft, destruction, or compromise of
the trust's bitcoin or ether.
©2024 BlackRock, Inc. or its affiliates. All rights reserved.
iSHARES and BLACKROCK are trademarks of BlackRock,
Inc., or its affiliates. All other trademarks are the property of
their respective owners.
_________________ 1 BlackRock will waive a portion of the
Sponsor’s Fee for the first 12 months commencing on July 23, 2024,
so that the fee will be 0.12% of the net asset value of the Trust
for the first $2.5 billion of the Trust’s assets. If the fund
exceeds $2.5 billion of the Trust’s assets prior to the end of the
12-month period, the Sponsor’s Fee charged on assets over $2.5
billion will be 0.25%. All investors will incur the same Sponsor’s
Fee which is the weighted average of those fee rates. After the
12-month waiver period is over, the Sponsor’s Fee will be 0.25%. 2
Source: The Block, as of May 21, 2024. Ethereum’s market
capitalization of $450 billion is measured by its native token,
ether.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722299039/en/
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