Bitcoin and Ethereum Joint ETF is on the Way: SEC's Possible Approval Date Announced!

ETF Store president Nate Geraci said the SEC has received applications for Hashdex's new crypto index ETF.

In his post on Twitter on July 1, Nate Geraci stated that the US Securities and Exchange Commission (SEC) has received the 19b-4 application of the exchange traded fund called "Hashdex Nasdaq Crypto Index US ETF" of Hashdex, which currently has a spot Bitcoin ETF. did.

According to the information shared, the investment fund in question will hold both Bitcoin and Ethereum. On the other hand, Geraci stated that the possible date for the SEC's approval is the first weeks of March 2025.

Ethereum withdrew its application

Hashdex, which manages $852 million, failed to receive approval in the same week that the SEC approved other spot Ethereum ETFs. This was because Nasdaq withdrew its application to list Hashdex's Ethereum ETF as of May 24.

The fund aimed to invest in Ethereum, Ethereum futures contracts on CME, cash and cash equivalents.

With its recent application, Hashdex plans to pave the way for investing in both Bitcoin and Ethereum with a single fund.

Stay tuned for new information