BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Nasdaq Files for SEC’s Approval of BlackRock’s Spot Ethereum ETF

by BlockNews.com Team
November 14, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
A A
#image_title

#image_title

2
SHARES
31
VIEWS
Share on XShare in TelegramShare on Reddit
  • Nasdaq has filed for an Ethereum spot ETF with the SEC, partnering with BlackRock and Coinbase. It argues Ethereum should be regulated like commodities, citing surveillance capabilities and regulatory alignment.
  • The proposed ETF would operate as a trust between BlackRock subsidiaries, with Coinbase providing custody and cold storage for Ether holdings.
  • The ETF’s value would be calculated daily based on Ether prices from major exchanges, signaling growing institutional demand for crypto exposure. Its approval could lead to a Bitcoin ETF.

Ethereum exchange-traded funds (ETFs) have gained momentum recently as more institutions seek exposure to the popular cryptocurrency. Nasdaq has now filed a proposal with the SEC to list a spot Ethereum ETF, arguing it should be regulated similarly to commodity-based funds. The proposed ETF would be in collaboration with BlackRock and Coinbase.

🚨 NEWS: Nasdaq seeks 🇺🇸 SEC approval for BlackRock’s spot Ethereum ETF.

The exchange argues #Bitcoin and Ethereum should be treated as commodities similar to gold ETFs. pic.twitter.com/Zoq0z8kxgw

— BlockNews.com (@blocknewsdotcom) November 14, 2023

Nasdaq’s Arguments

Nasdaq stated it has sufficient surveillance mechanisms through its membership in the Intermarket Surveillance Group and partnership with Coinbase. It claimed these provide protections on par with the CME futures market.

Regulatory Alignment

Nasdaq advocated for aligning spot Ethereum ETF rules with commodity ETFs. It said Bitcoin and Ethereum should be regulated as commodities, not securities.

Operations

The ETF would operate as a trust between BlackRock subsidiaries and rely on Coinbase for custody. Ether holdings would be kept in cold storage.

Valuation

The ETF’s net asset value would be calculated daily based on ETH prices from major spot exchanges. It would use the CME CF Ether-Dollar rate.

Closing Thoughts

The proposed Ethereum ETF signals growing institutional demand for crypto exposure. Its approval could pave the way for a spot Bitcoin ETF. For now, investors await the SEC’s ruling.

Tags: BlockchainETFNasdaqsecWeb3
Tweet1ShareShare
Previous Post

UBS Predicts Drastic Fed Rate Cuts in 2024 Amid Recession Fears

Next Post

Polygon MATIC See’s Institutional Interest Surge Over 3,800%

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.