SEC Delays Decision on Hashdex’s Spot Bitcoin-Ethereum ETF, Extends Review Until September
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The SEC has postponed its decision on Hashdex’s combined spot Bitcoin and Ethereum ETF, pushing the deadline to September 30, 2024. The ETF aims to offer investors direct exposure to Bitcoin and Ethereum, with assets tracked by the Nasdaq Crypto US Settlement Price Index.
Hashdex filed its initial 19b-4 form in June, followed by an S-1 form in July. Custodial services for the ETF's digital assets will be handled by Coinbase and BitGo.
James Seyffart, an ETF analyst, praised the fund's market cap-weighted structure, considering it a wise investment for diversification. Concurrently, other major players like BlackRock have also been active in this space.
Despite mixed progress in ETF applications and options trading, another Bloomberg analyst, Eric Balchunas, interprets SEC’s engagement as a promising sign for future approval.
Source: beincrypto.com ↗
