- On Tuesday, Nasdaq made the proposal for the Hashdex Nasdaq Crypto Index US ETF available via Form 19b-4.
- The suggested fund would own ether in the ETF as well as spot bitcoin.
The cryptocurrency asset management company Hashdex intends to introduce an exchange-traded fund that would directly own Ether and Bitcoin Spot.
ETF specialists argue that Nasdaq’s proposal for the Hashdex Nasdaq Crypto Index US ETF, which was posted on Tuesday via Form 19b-4, was not particularly remarkable.
According to a post on X by Bloomberg ETF analyst James Seyffart, an ETF filing from @hashdex featuring both Ethereum and Bitcoin has recently been released. will have a weighted market cap. It should come as no surprise to anyone because it makes perfect logic.
Hashdex’s action follows the SEC’s approval of spot Ethereum ETFs last month and spot Bitcoin ETFs earlier this year via 19b-4 forms. Registration statement forms for the Ethereum products still need to be approved by the SEC in two steps.
Hashdex was not a member of the group that obtained the SEC’s approval of 19b-4 forms, together with BlackRock and Fidelity, because it chose not to proceed with its proposal for a spot Ethereum ETF. According to sources, last week they still hadn’t heard back from the SEC on the initial set of comments on those forms.
Cash will also be held by the Hashdex Nasdaq Crypto Index US ETF, under its Form 19b-4. Should it start, the custodians will be BitGo Trust Company, Inc. and Coinbase Custody Trust Company, LLC. In addition, Hashdex stated that it would only invest in bitcoin and ether on the spot market.
According to the petition, the Trust will not make any investments in stablecoins, tokenized assets, or cryptocurrency securities.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
