SEC Accepts Hashdex's Dual Bitcoin and Ethereum ETF Application

The US Securities and Exchange Commission (SEC) officially accepted asset management firm Hashdex's 19b-4 application.

This step marks significant progress for Hashdex's Bitcoin and Ethereum ETF proposal.

The SEC welcomes public comments on this innovative financial product.

Hashdex is offering a groundbreaking Bitcoin and Ethereum ETF that has received preliminary approval from the SEC, marking the beginning of a new era for crypto investing.

SEC Officially Accepts Hashdex's Dual Bitcoin and Ethereum ETF Application

The SEC has officially accepted the 19b-4 application submitted by Hashdex, and this is the first step in public discussion of their new financial product. This move kicks off the first round of public comments on the proposed dual Bitcoin (BTC) and Ethereum (ETH) ETF.

Importance of Application and Its Impact on the Sector

Hashdex's filing is called the Hashdex Nasdaq Crypto Index US ETF and aims to offer institutional investors direct access to Bitcoin and Ethereum, bypassing the typical risks associated with these digital assets. The filing highlights that Hashdex will manage the ETF and Tidal ETF Services LLC will manage it. Obtaining approval from the SEC will also require an S-1 filing to ensure full compliance and readiness prior to product launch.

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