Wall Street suddenly sent a heavy signal! Bitcoin and Ethereum merged spot ETF is ready to come out?

Is this going to skyrocket?

Bitcoin's rebound momentum was weak after falling below $65,000. As many Fed officials issued hawkish remarks, emphasizing the urgency of reducing interest rate cuts, the dollar buying was boosted, which put pressure on the cryptocurrency market. However, at a time when the market was pessimistic, there was good news: Hashdex submitted documents on the merger of Bitcoin and Ethereum spot ETFs. According to reliable sources, the issuer of the Ethereum spot ETF has submitted an S-1 listing feedback document to the U.S. Securities and Exchange Commission (SEC) before the weekend.

Bitcoin and Ethereum merged spot ETF is ready to come out?

In a document submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Hashdex proposed to list a spot ETF formed by the merger of Bitcoin and Ethereum on the Nasdaq exchange. The proposed ETF will balance the allocation based on the market value of the two crypto assets, with Bitcoin accounting for 70.54% and Ethereum accounting for 29.46%. The ETF will adopt a passive investment strategy, aiming to track the daily market movements of the Nasdaq Cryptocurrency US Settlement Price Index, rather than trying to "outperform" or "beat" the index.

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