Awesome! Americans truly know how to innovate in finance! If applying for individual cryptocurrency ETFs is challenging, why not create an index fund that includes a variety of cryptocurrencies? This approach is undoubtedly a significant boon for the cryptocurrency market. It seems the big changes are indeed on the horizon!

The US SEC has confirmed receipt of the 19b-4 application for the Hashdex Nasdaq Crypto Index US ETF. This news was shared by Nate Geraci, President of The ETF Store, on the X platform. The proposed ETF will hold both spot BTC and ETH simultaneously.

Earlier, Bloomberg ETF analyst James Seyffart remarked that Hashdex's dual ETF application for BTC and ETH is highly significant. If approved by the SEC, the application terms will allow Hashdex to include other cryptocurrencies in the fund over time, effectively transforming it into a comprehensive crypto index. Hashdex already offers DeFi Index Fund, Web3 Index Fund, and Metaverse Index Fund, each encompassing a range of cryptocurrencies.

Following the relevant procedures, the SEC must respond to the dual fund application by March 2025. This development marks a potential game-changer for the crypto market, paving the way for broader adoption and investment

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