📈Nasdaq iShares Ethereum Trust Proposed Rule Change Notice
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Amendment No. 1 and Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Rules Governing the Listing and Trading of Shares of the iShares Ethereum Trust To Permit In-Kind Creations and Redemptions
Summary
The Securities and Exchange Commission has published a notice regarding proposed amendments to the rules of the iShares Ethereum Trust, allowing in-kind creations and redemptions. This change aims to enhance market efficiency and ensure compliance with regulatory standards. The notice invites public comments and extends the Commission’s action period for further review.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change enables in-kind creations and redemptions for the iShares Ethereum Trust, impacting trading strategies and liquidity for market participants. It denotes shifts in the creation/redemption frameworks for ETFs, potentially affecting Authorized Participants’ operations and costs. This may enhance trading efficiency in the ether market for businesses involved in asset management.