Hashdex is a crypto-asset management company that has been registered with the U.S. joint Spot Bitcoin and Ethereum ETF application Today, the US Securities and Exchange Commission announced that it had filed a report with them. Bloomberg ETF Analyst James Seyffart noted that the filing was made today. “makes a lot of sense.”
Seyffart reports that the SEC will have a March 2025 deadline to approve this application. He also points out that the filing includes language This would include “allow the addition of other digital assets essentially as they are approved by the SEC.”
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Hashdex Files joint BTC and ETH Exchange Traded Fund
The crypto-based ETFs that have been around for six months now are the most talked about. This year, the investment offering has been one of the most talked-about developments in finance. The success. Bitcoin’s ETF The approval in January was undeniable. It propelled the cryptocurrency leading to an all-time record high of $73,000 in March 2024.
Hashdex officially submitted an application to the SEC for a Spot Bitcoin ETF. Bloomberg ETF analysts revealed Tuesday the news of the application while revealing the many interesting aspects about the investment.
Seyffart stated that ETF’s would increase their cryptocurrency offerings in order to comply with agency regulations. It would definitely be a game changer. At this time, Bitcoin and Ethereum is the only asset that has a SEC-approved spot ETF.
![$730,000,000 Worth of Bitcoin & Ethereum Options Expire Friday](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/Hashdex-Files-Joint-Spot-Bitcoin-Ethereum-ETF-With-the.jpg)
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Seyffart pointed out that the product “makes complete sense as a future goal.” Coinbase, BitGo and other custodians are included in this filing. The market has yet to see Ethereum ETFs officially launch, despite this application being filed.
Many experts predicted that the ETH offering will start trading officially before July 4th. Analysts note that there are no filings that indicate an accurate timeline.
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Source: watcher.guru