Nasdaq Exchange plans to allow iShares Ethereum Trust to conduct physical redemptions

According to a Securities Exchange Commission (SEC) filing, the Nasdaq exchange filed a rule change application with the SEC to allow the iShares Ethereum Trust to make physical redemptions.
The specific changes include: adding Anchorage Digital Bank as another Ethereum custodian; allowing authorized participants to make share redemptions through physical Ethereum as an alternative to the existing cash redemption process; and changing the name of the fund to iShares Ethereum Trust ETF.