Nasdaq Exchange Plans to Allow iShares Ethereum Trust for Physical Creation and Redemption

According to documents disclosed by the U.S. Securities and Exchange Commission (SEC), the Nasdaq Stock Exchange has submitted a rule change application to the SEC, proposing to allow the iShares Ethereum Trust to conduct physical creation and redemption. The specific changes include: adding Anchorage Digital Bank as another Ethereum custodian; allowing authorized participants to create and redeem shares through physical Ethereum as an alternative to the existing cash creation and redemption process; changing the fund's name to iShares Ethereum Trust ETF.