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.

The proposed change aims to enhance the operational efficiency of the ETF by allowing authorized partners to deliver or receive Ethereum directly, instead of using cash. Additionally, the name of the fund will 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.$ETH #EthereumSecurityInitiative