Financial services giant BlackRock filed with the U.S. Securities and Exchange Commission (SEC) to amend its iShares Bitcoin ETF (IBIT) and iShares Ethereum ETF (ETHA), as sources revealed on Tuesday. This comes amid a major milestone as BlackRock Bitcoin ETF surpassed crypto derivatives exchange Deribit to become the leading BTC options venue.
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BlackRock Moves to Amend its Bitcoin and Ethereum ETFs
BlackRock’s iShares Bitcoin ETF (IBIT) and iShares Ethereum ETF to undergo significant changes, according to a filing with the U.S. SEC on September 29.
Nasdaq proposes to amend the iShares Bitcoin Trust and the iShares Ethereum Trust to permit IBIT and ETHA to come under the generic listing standards. Upon approval, the exchange-traded funds (ETFs) will operate in compliance with the generic listing standards instead of the terms in the original filing.
The exchange also requests the SEC to waive the 5-day prior notice period requirement under Rule 19b-4(f)(6)(iii). While these amendments are effective immediately upon filing, Nasdaq designates the proposed amendments to take
