Nasdaq submits a Beladex Ether ETF application to the US SEC.

According to BlockBeats news on November 10th, Nasdaq has submitted an application for the proposed iShares Ethereum Trust, a spot Ethereum ETF, to the US Securities and Exchange Commission (SEC). The Ethereum ETF will use Coinbase Custody Trust Company as its custodian and will reference the CME CF Ether-Dollar index. In addition, other asset management companies such as Grayscale, Ark Invest, ProShares, and Valkyrie have also submitted applications for Ethereum spot ETFs. As previously reported by BlockBeats on November 9th, the iShares Ethereum Trust by BlackRock was successfully registered in Delaware, marking the first step towards applying for a spot Ethereum ETF.