According to disclosures from the U.S. Securities and Exchange Commission (SEC), the Nasdaq has submitted a rule change application to the SEC, proposing to allow the iShares Ethereum Trust to conduct physical creations and redemptions.

Specific changes include: adding Anchorage Digital Bank as another Ethereum custodian; allowing authorized participants to create and redeem shares using physical Ethereum as an alternative to the existing cash creation and redemption process; changing the fund's name to iShares Ethereum Trust ETF.