According to Odaily, BlackRock's Ethereum ETF, known as 'iShares Ethereum Trust', has submitted new rules for listing and trading in accordance with Nasdaq Rule 5711(D). Nasdaq has confirmed the submission of these new rules.
The 'iShares Ethereum Trust' is a product of BlackRock, the world's largest asset manager. This move signifies the increasing acceptance and integration of Ethereum and other cryptocurrencies into mainstream financial systems.
Nasdaq Rule 5711(D) outlines the requirements for listing and trading of shares of the Trust. The submission of new rules indicates that BlackRock is taking steps to ensure that its Ethereum ETF meets all necessary regulatory standards.
This development is a significant step forward for the cryptocurrency market, as it indicates a growing acceptance of digital assets by traditional financial institutions. It also provides an opportunity for investors to gain exposure to Ethereum without the need to directly own or manage the digital asset.