Nasdaq files updated 19b-4 form for BlackRock's spot Ethereum ETF
Nasdaq filed the amended form for the world’s largest asset manager on Wednesday. Exchange CboeBZX filed revamped 19b-4 forms later on Tuesday for five spot ETF proposals.
Nasdaq filed the amended form for the world's largest asset manager on Wednesday. Exchange CboeBZX filed revamped 19b-4 forms late Tuesday for five spot ETF proposals.
The amended filings come as exchanges were reportedly asked by the SEC to amend their 19b-4s earlier this week. Form 19b-4s are filed to let the SEC know about a proposed rule change and are among the documents that need the agency's greenlight before spot ether ETFs can become effective. S-1 registration statements would still need to go effective before the funds can begin trading.
Nasdaq's latest filing includes language similar to other amended 19b-4s around staking and its plans not to include it.
"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 BlackRock's filing.
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