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The Nasdaq Exchange plans to allow iShares Ethereum Trust Fund to make physical purchases and redemptions

Internet reports that according to a U.S. Securities and Exchange Commission (SEC) document, the Nasdaq Exchange (Nasdaq) submitted a rule change application with the SEC to allow the iShares Ethereum Trust to make physical purchases and redemptions. Specific changes include: adding Anchorage Digital Bank as another Ethereum custodian; allowing authorized participants to purchase and redeem shares through physical Ethereum as an alternative to the existing cash purchase and redemption process; and changing the fund name to iShares Ethereum Trust ETF.

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