Tidal and Hashdex announce bitcoin spot ETF trading in the US
Tidal Investments and Hashdex last week announced the trading of their bitcoin spot ETF, called Hashdex Bitcoin ETF. The ETF was initially expected to launch on January 11 with the other applications.
Originally a bitcoin futures ETF (Hashdex Bitcoin Futures ETF), the fund completed its conversion last week to now allow actual holding of bitcoin. At least 95% of the Fund's assets will now be in real bitcoin, with up to 5% invested in CME bitcoin futures contracts, cash or cash equivalents.
Since their launch on January 11, bitcoin spot ETFs have seen significant inflows and trading volumes. Although the Hashdex Bitcoin ETF is late to the party, it could take some market share from others if the fee structure proves competitive.
