The Hashdex Nasdaq Crypto Index U.S. ETF application has been received by the SEC, potentially bringing Bitcoin and Ethereum exposure to US investors by early March 2025.

This filing, submitted under the 19b-4 rule, marks a significant step for crypto ETFs in the US.

The rule establishes a formal process for reviewing and approving ETFs, ensuring they meet regulatory standards.

Hashdex, having previously withdrawn a spot Ethereum ETF proposal, is now taking a combined approach.

The ETF will allocate 70.54% to Bitcoin (BTC) and 29.46% to Ethereum (ETH), with Coinbase Custody Trust Company and Bitcoin Trust partnering for secure asset custody.

This strategic shift reflects the market’s growing demand for broader crypto exposure, beyond just Ethereum-focused products.

Public opinion and industry scrutiny will likely influence the SEC’s final decision, potentially leading to delays despite initial positive reception.

Investors are advised to closely monitor this development, as it could be a milestone in connecting traditional finance with the cryptocurrency sector.

With the SEC’s review process underway, industry experts anticipate heightened interest in the coming months.