English | Español | Français
Market Cap: $ 3.76 T 24h Vol: $ 208.83 B BTC Share: 62.48%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 118,021.62 0.02%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

Hashdex Refines Submission for Innovative Crypto Index ETF Proposal

Amending S-1 Application for the Second Time, Hashdex Responds to SEC's Request with Modified Crypto Index ETF Proposal

Mark Valerius by Mark Valerius
November 26, 2024
Share on FacebookShare on Twitter

Key Points

  • Hashdex has revised its S-1 application for the Hashdex Nasdaq Crypto Index US exchange-traded fund for the second time.
  • The ETF will exclusively include Bitcoin and Ether, potentially becoming the first diversified spot cryptocurrency ETF in the United States.

Hashdex has made a second amendment to its S-1 application for the Hashdex Nasdaq Crypto Index US exchange-traded fund (ETF).

This revision follows a request by the Securities and Exchange Commission (SEC) for more time to review the proposal.

Understanding Crypto Index ETFs

A crypto index ETF is a fund that tracks a group of cryptocurrencies, providing diversified exposure to the digital asset market.

It aims to mimic the performance of an underlying index by holding the same assets in similar proportions.

The portfolio of the NCIUS ETF will only include Bitcoin and Ether, avoiding other cryptocurrencies, tokenized assets, stablecoins, or crypto-related securities.

However, the inclusion of more assets may be considered in the future.

Other Crypto Index ETF Proposals

Other issuers have also proposed similar crypto index ETFs.

Franklin Templeton, for example, submitted a filing for its Franklin Crypto Index ETF in August.

This ETF aims to track the CF Institutional Digital Asset Index and is initially limited to Bitcoin and Ether due to regulatory constraints.

However, it also has the potential to expand in the future.

On November 20, the SEC delayed the approval decision for the Franklin Templeton Crypto Index ETF until January 6, 2025, as it had received no public comments on the proposed rule change.

Crypto index funds seem to be the industry’s next big focus following the success of Bitcoin and Ether spot ETFs.

Major players like Grayscale and Bitwise are now exploring diversified crypto fund offerings according to Nate Geraci, the President of the ETF Store.

These developments occur as the SEC prepares for significant leadership changes.

Gary Gensler, known for his strict regulatory approach towards cryptocurrencies, announced his resignation effective January 20, 2025.

He will be succeeded by an appointee under the incoming administration led by Donald Trump, which is expected to bring a shift towards more industry-friendly policies.

Tags: Bitcoin (BTC)

Related News

trump crypto

Trump Family Adds $620 Million To Its Crypto Empire–Details

July 4, 2025
crypto scam phone

Cybersecurity Firm Kaspersky Warns Against Crypto Malware ‘SparkKitty’

June 27, 2025
xrp ripple

Ripple Co-Founder Breaks 14-Year Silence – What’s Next For XRP?

June 25, 2025
spain crypto

Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

June 18, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 118,021.62
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.35 T
Volume
$ 50.49 B
24h Change
0.02%
Total Supply
19.89 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com