Nasdaq Proposes Rule Change Allowing Direct Ethereum Transactions for iShares Trust

Nasdaq has proposed a rule amendment to the U.S. Securities and Exchange Commission (SEC) aimed at boosting the efficiency of the iShares Ethereum Trust ETF. The proposal would allow authorized participants to utilize direct delivery and receipt of Ethereum instead of cash, thereby streamlining the trust’s operations. Additionally, the name of the trust is slated to change from iShares Trust to iShares Ethereum Trust ETF for better alignment with its registration statement. This proposed alteration awaits review by the SEC.