NEW YORK, Thursday, August 01, 2024 – Brazillian Crypto asset manager Hashdex has filed paperwork with the Securities and Exchange Commission to launch an exchange-traded fund that directly owns Bitcoin and Ethereum.
The fund would track the Nasdaq Crypto Index US, which currently includes Bitcoin and ether. Hashdex left open the possibility of adding other cryptocurrencies to the ETF in the future, depending on SEC approval.
The filing comes just days after several other firms launched spot ether ETFs, marking a significant milestone for the cryptocurrency industry.
Coinbase Custody Trust Company and BitGo Trust Company will serve as custodians for the Hashdex fund.
Hashdex is a crypto asset management firm that has made a significant move towards launching an exchange-traded fund (ETF) that directly holds Bitcoin and ether.
The firm’s proposed ETF, which would track the Nasdaq Crypto Index US, marks a potential breakthrough in the crypto investment landscape.
This development follows the recent approval of several spot ether ETFs, signaling growing institutional interest in the cryptocurrency market.
