Hashdex Files for Landmark Bitcoin-Ethereum ETF in the US
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Hashdex, having previously withdrawn a spot Ethereum ETF proposal, is now taking a combined approach.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.
For more Web3 news, check out the XGA newsfeed.
Institutional Interest in Bitcoin ETFs Surges as Market Dynamics Shift Institutional interest in Bitcoin (BTC)…
MIMOS Berhad Partners with Worldcoin Foundation and MyEG MIMOS Berhad, the applied research and development…
Manchester City and OKX Launch ‘Unseen City: Echoes of Blue’ Virtual Escape Room Manchester City…
Donald Trump Jr. Announces Plans to Launch DeFi Platform to Address Banking Inequality Donald Trump…