According to Odaily, ETF analyst James Seyffart has commented on the importance of Hashdex's application for a Bitcoin (BTC) and Ethereum (ETH) dual ETF. Seyffart stated that the move is 'very meaningful'. If the U.S. Securities and Exchange Commission (SEC) decides to approve the application, the terms included in the application will allow Hashdex to add other cryptocurrencies to the fund in the future, turning it into a crypto index fund.
Hashdex already owns DeFi index funds, Web3 index funds, and Metaverse index funds. Each fund contains at least a dozen cryptocurrencies. As per the relevant process, the SEC must respond to the dual fund application by March 2025.
