All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Hashdex’s new ETF, starting with Bitcoin and Ethereum, could soon add XRP and SOL, pending SEC approval.
- Hashdex’s move marks a significant development in the crypto ETF space, highlighting potential growth and diversification.
Digital asset manager Hashdex has filed an S-1 registration statement for its new Crypto Index ETF, which will initially include only Bitcoin and Ethereum but may incorporate additional cryptocurrencies if approved by the SEC. As CNF earlier revealed, Hashdex files for a combined Bitcoin and Ethereum ETF, making a significant move in the crypto ETF landscape.
As discussed in Today’s CNF Youtube video, if approved, this ETF would be the first of its kind to officially trade in U.S. cryptocurrency markets. It would initially weight Bitcoin at 76.3% and Ether at 23.7%, with potential future additions like Litecoin and Chainlink. BitGo and Coinbase Custody will manage the assets. This launch reflects growing acceptance of cryptocurrency-focused financial products.
Previously, James Seyffart from Bloomberg and Bloomberg Intelligence shared in his tweet that Hashdex has filed an S-1 registration statement for a Crypto Index ETF, which will initially include Bitcoin and Ethereum, with the potential to add XRP, SOL, and other assets soon if approved by the SEC.
Update: @hashdex has filed an S-1 for their Crypto Index ETF. Will start with just #Bitcoin & #Ethereum but can add other assets if and when approved by the SEC. https://t.co/W3uHyv9MYn pic.twitter.com/DFXouwu4IK
— James Seyffart (@JSeyff) July 24, 2024
Earlier on June 24, the firm filed an S-1 registration statement for its Hashdex Nasdaq Crypto Index US ETF, which will track select cryptocurrencies based on the Nasdaq Crypto US Settlement Price Index—a benchmark that reflects the daily performance of a significant part of the digital asset market. In its filing, Hashdex stated:
If any crypto asset other than Bitcoin and Ether becomes eligible for inclusion in the Index, the Sponsor will transition to a sample replication strategy, with only Bitcoin and Ether in the same proportions determined by the Index.
Reiterating earlier discussion, CNF reported that investors and market analysts are debating whether the current surge in Bitcoin’s price has already incorporated the expected effects of spot ETF approvals.
While some believe that this factor might already be “priced in,” the real test lies in the extent of investment inflows that such ETFs could attract upon approval. BTC is trading slightly down to $64,262 after decreasing by 2.25% in the past day and 0.65% in the past week. See BTC Price Chart below.
No coins selected