Nasdaq files proposal seeking SEC rule change to allow spot Ethereum ETF
Nasdaq has argued to the SEC should allow it to govern the Ethereum ETF under the same rules as commodity-based funds.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
Investor confidence in digital asset ETPs strengthens with record inflows surpassing $1 billion and heightened market participation.
Bloomberg's Eric Balchunas said Bitcoin futures ETF BITO has emerged as a major beneficiary of the rally.
A new filing with the Delaware Division of Corporations suggests BlackRock is ready to move into Ethereum ETFs next.
Grayscale CEO Michael Sonnenshein said there was no timeline for approval but that the firm and the SEC were in conversation.
However, there is no indication from the SEC that this will actually happen.
SEC Commissioner Mark Uyeda believes the SEC has not moved aggressively enough to prevent crypto fraud and criticized its piecemeal, after-the-fact approach.