Asset manager Hashdex has recently proposed a combined spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) to the US Security and Exchange Commission (SEC). The ETF, named Hashdex Nasdaq Crypto Index US ETF, aims to provide investors with direct exposure to the two leading cryptocurrencies.
This move marks a significant step towards the mainstream adoption of crypto assets in traditional financial markets.
Inside Hashdex’s Latest Spot Crypto ETF Filing
A recent 19b-4 filing reveals that the ETF’s assets will consist solely of Bitcoin and Ethereum, with cash held only to cover expenses. It will use a passive investment strategy to track the Nasdaq Crypto US Settlement Price Index (NCIUSS).
The strategy does not attempt to outperform it. This approach simplifies the process for investors, making it an attractive option for both seasoned traders and newcomers.
Read…
