BlackRock (NYSE:) has argued that the U.S. Securities and Trade Fee does not have any reliable purpose to deal with spot-crypto and crypto-futures exchange-traded fund functions in a different way.

BlackRock’s plan for a spot-Ether (ETH) ETF referred to as the “iShares Belief” was formally confirmed on Nov. 9, after Nasdaq submitted the 19b-4 software type to the SEC on the agency’s behalf.