In a critical development for the cryptocurrency market, the first-ever exchange-traded fund focused on Ethereum from financial behemoth BlackRock can now be found officially listed under the $ETHA ticker with the Depository Trust and Clearing Corporation (DTCC). The U.S. SEC has lately been accepting the 19b-4 forms, denoting an enormous shift in embracing crypto-based investment products.

This was the first kind of development, hitherto, on the heels of the surprisingly positive reception of the same type of Ethereum ETFs from giant firms. Most had expected it to be turned down by the SEC and, in the long run, become the historic shot in the arm that ignited many feelings of optimism inside investors toward the growing acceptance of crypto.

So now the SEC has to begin reviewing S-1 registration statements that will enable the ETFs to begin trading. When, exactly trading can begin, remains anybody’s guess. But according to some in the market, it usually follows a period of a couple of weeks after further approvals. All this might pave the way for wider acceptance of crypto in the mainstream of finance.

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