Will there be ETF hype in the future?
SEC has approved the 19b-4 application of Hashdex Nasdaq Crypto Index US ETF, and the institution also holds BTC and ETH
Hashdex Nasdaq Crypto Index US is a cryptocurrency index fund jointly launched by Hashdex and Nasdaq. Hashdex is a company focused on digital asset management.
What does it mean that the two parties jointly launched an ETF for cryptocurrency funds?
1. At this time, the institution applied for a new ETF again, and included BTC/ETH, indicating that ETH is basically certain to pass.
2. Institutions are optimistic about the crypto market and have taken action to get a piece of the pie.
3. Once the agency's application is approved and the ETF is successfully issued, there will be more and more ETFs related to the cryptocurrency field in the future. The United States is an economy dominated by financial capital. Its financial field and financial derivatives are the largest in the world, and there are more ways to play (refer to various ETFs in the stock and other fields). Therefore, there will be more and more ETFs in the crypto market in the future.
4. More and more ETFs in the crypto market are a good thing in the long run, which increases the influence of the crypto field. However, in the stage when the Federal Reserve does not cut interest rates and does not release water, there are too many varieties in the short-term ETF field, which will inevitably divert funds in the ETF field, and the liquidity of BTC/ETH spot ETFs will be weakened.
From this point of view, it is estimated that after the ETH ETF, similar ETFs will be passed smoothly.