Key Points:
The SEC acknowledges receipt of the 19b-4 application for the Hashdex Nasdaq Crypto Index US ETF, marking a crucial step in the ETF approval process.
The ETF will feature spot Bitcoin and Ethereum, offering investors diversified exposure to leading cryptocurrencies within a regulated framework.
The SEC's final decision is expected by the first week of March 2025, shaping expectations for potential market impact and investor opportunities.
Nate Geraci, president of The ETF Store, said the U.S. Securities and Exchange Commission has acknowledged receipt of the 19b-4 application for Hashdex Nasdaq Crypto ETF.
The development is a massive step forward in the process of unleashing a new investment vehicle that's designed especially for cryptocurrency enthusiasts.
https://twitter.com/NateGeraci/status/1807795229937778764
The ETF would invest in spot Bitcoin and Ethereum, offering investors exposure to the two largest cryptocurrencies by market capitalization. It aims to cash in on investors' interest in digital assets while, of course, adhering to the strict standards set by the SEC.
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SEC Acknowledges Hashdex Nasdaq Crypto ETF Application
Geraci mentioned that the final deadline for SEC approval is expected around the first week of March 2025. That puts a timeline for when investors and stakeholders might finally see a decision regarding whether an ETF will be allowed to launch.
The Hashdex Nasdaq Crypto ETF bridges traditional finance and the developing cryptocurrency space. It is notably a fund that provides diversified investment exposure to Bitcoin and Ethereum in a 'regulated' investment framework.
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