Key Takeaways:
- Hashdex has filed an S-1 registration statement to offer a combined Bitcoin and Ether ETF in the U.S., named Hashdex Nasdaq Crypto Index US ETF.
- The ETF will track the Nasdaq Crypto US Settlement Price Index, with initial weightings of 76.3% Bitcoin and 23.7% Ether.
- The U.S. SEC acknowledged Hashdex’s 19b-4 form in late June, marking progress towards approval.
Hashdex has taken a major step in offering a combined Bitcoin and Ether ETF in the U.S. by submitting an S-1 registration statement on June 24.
This ETF, named Hashdex Nasdaq Crypto Index US ETF, will track the Nasdaq Crypto US Settlement Price Index, initially including only Bitcoin and Ether.
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
Hashdex might add more assets in the future, necessitating another regulatory filing.
The U.S. SEC acknowledged Hashdex’s 19b-4 form in late June.
If approved, this would be the first combined cryptocurrency ETF in the U.S. with 76.3% Bitcoin and 23.7% Ether weighting.
Hashdex files S-1 for combined spot btc & eth ETF… https://t.co/XurKX448Ab pic.twitter.com/je3PRiszPJ
— Nate Geraci (@NateGeraci) July 24, 2024
The ETF could potentially include other cryptocurrencies like Litecoin, Chainlink, Uniswap, and Filecoin.
BitGo and Coinbase Custody will safeguard the assets in segregated accounts.
The filing follows the launch of several spot Ether ETFs, which saw significant inflows, surpassing industry predictions.
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