BlockBeats reported on August 10 that according to a regulatory document on August 9, U.S. regulators said they need more time to decide whether exchange-traded funds (ETFs) designed as one-stop cryptocurrency portfolios can be listed on the Nasdaq electronic stock exchange. The document is a response to Nasdaq’s request in June for permission to list the Hashdex Nasdaq Cryptocurrency Index ETF on its electronic exchange.

If approved, the Hashdex Nasdaq Crypto Index ETF would be the first diversified spot cryptocurrency ETF in the U.S. market. It would also be the first U.S. ETF to hold alternative cryptocurrencies, or “altcoins.”