The post Hashdex Amends Filing for Nasdaq Crypto Index US ETF Featuring Bitcoin and Ethereum appeared on BitcoinEthereumNews.com.

Asset manager Hashdex has taken another step towards the introduction of a cryptocurrency index ETF in the United States. This move signifies continued progress with the SEC after a delay was announced in August. Katalin Tischhauser of crypto bank Sygnum emphasizes the efficiency of index ETFs, predicting their burgeoning popularity. Explore the latest developments in the crypto index ETF landscape as Hashdex and other major players seek SEC approval. Hashdex Files Amended Registration for Crypto Index ETF On October 1, Hashdex submitted an amended registration for their proposed ETF, known as the Hashdex Nasdaq Crypto Index US ETF. This ETF aims to create a diversified cryptocurrency portfolio, initially featuring Bitcoin (BTC) and Ether (ETH). The amended filing is a significant step forward following the United States Securities and Exchange Commission (SEC) decision in August to extend the review period for this ETF. The Strategic Design of Crypto Index ETFs The Hashdex Nasdaq Crypto Index US ETF is designed to evolve with the market, potentially including additional cryptocurrencies beyond BTC and ETH. This aligns with insights from industry analysts who highlight the growing interest in index ETFs. Katalin Tischhauser, head of investment research at Sygnum, noted that index-based ETFs provide investors with efficient exposure to a basket of digital assets, akin to investing in the S&P 500 through traditional financial markets. Market Context: Growing Popularity of Crypto ETFs The rise in popularity of cryptocurrency ETFs is evident, with more than $20 billion flowing into these financial instruments in 2024 alone. According to Bloomberg Intelligence and Morningstar, cryptocurrency ETFs have contributed significantly to the total $10 trillion in US ETF assets. Notably, they accounted for 13 out of the 25 largest ETF launches in 2024 by inflows. Franklin Templeton’s Parallel Efforts Hashdex is not the only player aiming for a crypto index…

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Filed under: News - @ October 1, 2024 9:31 pm