📈 Hashdex Amends S-1 Application for Crypto ETF

Hashdex has amended its S-1 application for the Hashdex Nasdaq Crypto Index US exchange-traded fund (ETF) for the second time. This revised submission, filed with the SEC on November 25, follows a request for additional evaluation time. Hashdex initially filed on June 24🗓️

The NCIUS ETF aims to include only Bitcoin and Ether 💰, excluding other cryptocurrencies and related assets, with potential for future expansions. If approved, it would be the first diversified spot cryptocurrency ETF in the U.S., providing investors access to multiple digital assets in one fund📊

Other companies, like Franklin Templeton 🏦, have also submitted filings for similar ETFs. Franklin's proposal, the Franklin Crypto Index ETF, is also limited to Bitcoin and Ether, facing a delayed approval decision from the SEC until January 6, 2025, due to a lack of public comments⏳

As the industry trends toward crypto index funds following the success of Bitcoin and Ether ETFs, major entities like Grayscale and Bitwise are exploring diversified offerings 🌟

This comes amid anticipated changes in SEC leadership, as Chair Gary Gensler will resign on January 20, 2025. A new pro-crypto administration led by Donald Trump may usher in more favorable policies for the industry 🔄

Stay tuned for updates on the evolving landscape of cryptocurrency ETFs! 🚀✨