Nasdaq Updates its Ethereum ETF Application
Nasdaq Stock Market LLC has recently submitted a revised 19b-4 form for BlackRock’s proposed Ethereum exchange-traded fund.
This comes as other exchanges, such as CboeBZX, have also filed revised 19b-4 forms for multiple spot ETF proposals.
These amendments were reportedly requested by the SEC earlier this week. The 19b-4 forms are a necessary step in the approval process for spot ether ETFs, and S-1 registration statements would still need to be approved before the funds can be traded.
Nasdaq’s latest filing includes language similar to other amended 19b-4s regarding staking, clarifying that the Trust, Sponsor, Ether Custodian, or any other associated parties will not engage in activities that subject the Trust’s ETH to proof-of-stake validation or generate additional income for the Trust. This statement is also included in BlackRock’s filing.
