The proposal for Hashdex's Ethereum ETF has been withdrawn after Nasdaq posted a notice of withdrawal, following the approval of 19b-4 forms for eight Ethereum ETFs by the U.S. Securities and Exchange Commission.
💼 Nasdaq withdrew the proposal for listing and trading shares of the Hashdex Nasdaq Ethereum ETF.
📉 The withdrawal notice was posted shortly after the SEC approved 19b-4 forms for eight Ethereum ETFs, excluding Hashdex.
💰 The proposal was managed and controlled by Toroso Investments, intending to invest in ether, ether futures contracts listed on the CME, cash, and cash equivalents.
🗣️ The withdrawal came after a few months of public comments, including from lawmakers, with some urging the SEC not to approve spot Ethereum ETFs generally.
📝 The SEC has initiated conversations with issuers about their S-1 forms, necessary for trading to begin for other spot Ethereum proposals.
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👉 Goodnew to short now!