Nasdaq Proposes Rule Change for iShares Ethereum Trust ETF

According to PANews, Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to amend its rules, allowing the iShares Ethereum Trust to support physical transactions of Ethereum. The proposal includes the addition of Anchorage Digital as a custodian institution. The proposed change aims to enhance the efficiency of the ETF's operations by enabling authorized participants to deliver or receive Ethereum directly, rather than using cash. Additionally, the trust's name is set to be changed to iShares Ethereum Trust ETF to align with its registration statement. The SEC is currently reviewing Nasdaq's application for this rule change.