According to BlockBeats, on July 25, crypto asset management company Hashdex announced plans to launch an ETF that directly holds spot Bitcoin and Ethereum, aiming to establish the first index-based cryptocurrency ETF in the United States.

Hashdex submitted a registration statement, also known as S-1, to the U.S. Securities and Exchange Commission on Wednesday. The fund, named Hashdex Nasdaq Crypto Index US ETF, will initially hold Bitcoin and Ethereum but may include additional assets in the future, depending on regulatory developments.

Bloomberg ETF analyst James Seyffart noted that the fund could potentially add other assets if it receives approval from the U.S. Securities and Exchange Commission.