🚀Crypto enthusiasts, buckle up! Hashdex, a leading asset management firm, has filed for a dual Bitcoin and Ethereum ETF in the U.S! This bold move follows the SEC's approval of spot Bitcoin ETFs and consideration of spot Ethereum ETFs, signaling a shift in the regulatory stance towards crypto-based financial products. 🎉
The proposed ETF, the Hashdex Nasdaq Crypto Index US ETF, aims to provide investors with exposure to both Bitcoin and Ethereum, weighted by their respective market caps. Hashdex plans to employ a passive investment strategy, tracking the index regardless of its rise or fall. 📈
The launch of a dual Bitcoin and Ethereum ETF could significantly impact crypto investors, offering a convenient, regulated way to gain exposure to the digital asset market. It could also appeal to investors preferring a hands-off approach to managing their crypto investments.
However, the SEC's response to Hashdex's filing and its approval for the launch of a dual Bitcoin and Ethereum ETF remains to be seen. The final deadline for SEC approval is expected to be set for the first week of March 2025.
What are your thoughts on this? Let's discuss in the comments below! 🗨️