Exchange Nasdaq Stock Market LLC has submitted an updated 19b-4 form for BlackRock’s spot Ethereum exchange-traded fund, and more amended filings are incoming.
On Wednesday, Nasdaq submitted the updated form for the biggest asset manager globally. Exchange CboeBZX submitted updated 19b-4 forms for five spot ETF proposals late on Tuesday.
The SEC allegedly requested that exchanges make adjustments to their 19b-4s earlier this week, which is why the filings have been altered.Spot ether ETFs require SEC approval via Form 19b-4 before trading can begin, with operational S-1 registration statements needed for the funds to commence trading.
Regarding staking and its intention to exclude it, Nasdaq has included wording in its most recent filing that is comparable to other revised 19b-4s.
“Neither the Trust, nor the Sponsor, nor the Ether Custodian (as defined below), nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings,” according to the filing.
Also Read: BlackRock’s Spot Bitcoin ETF Breaks Records with 414 Holders
