28 May 2025
📈Nasdaq's Proposed Rule Change for iShares Ethereum Trust
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Permit In-Kind Creations and Redemptions by the iShares Ethereum Trust and Amend Certain Other Representations Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has published a notice regarding Nasdaq's proposed rule change to allow in-kind transactions for the iShares Ethereum Trust. This change aims to enhance operational efficiency, promote just trading principles, and update custodial arrangements for the Trust's ether holdings while amending certain representations under Nasdaq regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change permits in-kind creations and redemptions for the iShares Ethereum Trust, which impacts liquidity and operational efficiency for Authorized Participants and investors. Enhanced custody arrangements and regulatory compliance considerations could affect business operations in the cryptocurrency investment space.