Nasdaq Files Updated 19b-4 Form For BlackRock’s Spot Ethereum ETF
Nasdaq Stock Market LLC has filed an updated 19b-4 form for BlackRock’s spot Ethereum exchange-traded fund, as other amended filings have started to appear.
The filings come as exchanges were asked by the SEC to amend their 19b-4s earlier this week. Form 19b-4s are filed to inform the SEC about proposed rule changes and require the agency’s approval before spot Ethereum ETFs can become effective.
S-1 registration statements still need to be effective before the funds can begin trading. Nasdaq’s latest filing includes language similar to other amended 19b-4s around staking and plans not to include it.
The filing states that the Trust, sponsor, Ether Custodian, and any other person associated with the Trust will not engage in action where any portion of the Trust’s ETH becomes subject to Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings.
(With inputs from Shikha Singh)
You need to login in order to Like
