SEC Accepts Hashdex’s Crypto ETF Application✔️
Known in the cryptocurrency investment space, Hashdex previously aimed to launch a spot Ethereum ETF but retracted the proposal due to high competition. This new ETF proposal marks a strategic pivot towards a combined Bitcoin-Ethereum focus. The planned allocation is 70.54% in Bitcoin and 29.46% in Ethereum, reflecting a balanced approach to these leading cryptocurrencies.
🟢Why is Hashdex Changing Its Strategy?
Hashdex intends to implement strong security measures in partnership with Coinbase Custody Trust Company and Bitcoin Trust for asset safekeeping. By including both Bitcoin and Ethereum, Hashdex aims to appeal to a wider range of investors seeking diversified cryptocurrency investment options. The SEC’s final decision will also consider public feedback, which could influence the timeline based on the scrutiny received.
