ME News reports that on August 3 (UTC+8), according to the prospectus of BlackRock’s Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), the fund’s OnChain Shares currently support Ethereum, Tempo, and Solana, with potential future inclusion of other approved networks. The minimum initial investment is $3 million, with an annual management fee of 0.12%. The fund primarily invests in cash and short-term U.S. Treasury securities to ensure its OnChain Shares meet the qualified reserve asset requirements under the GENIUS Act. (Source: Foresight News)
BlackRock BRSRV Prospectus Confirms Support for Ethereum, Tempo, and Solana
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Summary
Ethereum news emerged as BlackRock’s BRSRV prospectus confirmed OnChain Shares’ support for Ethereum, Tempo, and Solana. The fund requires a $3 million minimum investment and charges a 0.12% annual fee. It focuses on cash and short-term U.S. Treasuries to comply with GENIUS Act reserve requirements. The Ethereum ecosystem news underscores growing institutional interest in blockchain infrastructure, with future blockchain additions still possible.
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