Hashdex once again submitted documents to the SEC: Application for Bitcoin Ethereum Hybrid Spot ETF
- 王林Original
- 2024-06-20 07:03:19634browse
This site (120btC.coM): Hashdex, the issuer that had withdrawn its application for Ethereum spot ETF at the end of May, submitted documents to the SEC again. This time the application was for Hashdex Nasdaq Crypto Index The US ETF will track the Nasdaq Crypto US Settlement Price Index, and its current targets include Bitcoin (BTC) and Ethereum (ETH) spot.
Hashdex’s crypto index ETF in Brazil
Hashdex has issued a crypto index ETF in Brazil (code: Hash11). Holds more than ten cryptocurrencies, of which Bitcoin (BTC) accounts for 65%, Ethereum (ETH) accounts for 26%, in addition to Solana (SOL), Ripple (XRP), Cardano (ADA) and Chainlink (LINK) )wait.
Hash11’s current market capitalization is 2.66 billion BRL (approximately US$490 million).
ETF that owns both Bitcoin and Ethereum
The document pointed out that the Hashdex ETF is designed to track the Nasdaq Crypto US Settlement Price Index. The assets currently included in the index include Bitcoin And Ethereum, based on the data on 5/27, Bitcoin accounts for 70.54% and Ethereum accounts for 29.46%. Their weights will be continuously adjusted according to market value, while ETFs will passively adjust their positions according to their weights. Other digital assets may be added in the future, provided they receive SEC approval.
This ETF is expected to be listed on the Nasdaq exchange, and the custodians are Coinbase and BitGo.
Bloomberg ETF analyst James Seyffart said: It makes perfect sense to bring this product to the United States as a future goal!
It also said that the final deadline for SEC approval should be in the first week of March 2025.
Hashdex is also one of the issuers of Bitcoin spot ETFs in the United States, and its DEFI currently has total assets of US$11.77 million.
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