Hashdex, a leading asset manager in the crypto industry, recently applied to the US Securities and Exchange Commission.
Ethereum ETF and Bitcoin Merge?
James Seyffart, Bloomberg ETF expert noted Hashdex proposes an ETF that is market capitalization-weighted Additional digital assets could be added as soon as the SEC approves them.
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Hashdex has a very successful Hashdex. crypto index ETF Seyffart says that the introduction of a similar product to US markets is an obvious step.
In the SEC filing, Hashdex states it plans to use at least two custodians – Coinbase, and BitGo – to safeguard the underlying assets.
Bloomberg analyst Eric Balchunas says that spot Ethereum ETFs have not yet been approved by the SEC. suggested Based on the feedback that issuers have received, a launch date is estimated to be July 2.
It is clear that SEC has been unable to meet its obligations. review process The development of spot Ethereum ETFs has reached a critical stage, allowing for increased market opportunities and potential expansion.
Hashdex’s decision to create a Bitcoin ETF and Ethereum ETF is in line with its belief that, as cryptocurrency gains mainstream acceptance and new assets emerge to displace Bitcoin and Ethereum’s market share.
Crypto Indices
Recent studies have shown that the number of people who are able to speak English is increasing. blog post Analyzing the current market state, Hashdex explained that, by providing a basket of diverse crypto assets via an index-based method, it hopes to give investors exposure to these digital alternative assets’ growth potential.
In Brazil, the asset manager’s success, in which crypto index ETFs are now more popular than single-asset ETFs underscores diversification benefits and ETF regulations.
Hashdex expects the trend to spread into Europe and then to the US. “evolving regulations” Professional investors are increasing their demand. wealth managers favor diversified exposure.
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Hashdex is of the opinion that crypto indexes are a good investment for many reasons, such as risk reduction, transparency, standardization and time-tested methods. Hashdex’s blog further states:
This will continue to be the case for a long time. The crypto-market is a volatile and complex environment. In traditional markets it has never been easy to determine who the winners are and which ones loser. This is even harder with a new asset class such as crypto. Crypto indices are a standard way to capture the overall performance of the market, and serve as a guidepost for the constantly evolving digital asset landscape.
Hashdex filing for an Ethereum and Bitcoin ETF is a significant moment to expand the accessibility of cryptocurrency investments. The potential of crypto investments is enormous. approval The advent of Ethereum spot ETFs as well as the growing adoption of diverse crypto index strategies will lead to a better future for those investors who want exposure to digital assets.
Bitcoin is the biggest cryptocurrency in the world. It has continued its downtrend, dropping 3.3% within 24 hours. This results in the current market price of $64,600.
Featured Image from DALL E, Chart by TradingView.com
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Source: www.newsbtc.com