The post Hashdex Pushing for a Crypto ETF: A Step Forward appeared on BitcoinEthereumNews.com.

Crypto ETFs have been a hot topic for years, with some already available, but the question remains: will the SEC approve Hashdex’s crypto ETF, and what sets it apart from the rest? On November 25, 2024, Hashdex, the asset management firm, took another step forward by submitting its second amended S-1 filing for a cryptocurrency-focused ETF. But will the SEC give it the green light? That’s the big question. Will Bitcoin and Ether Be Enough? So, what’s the deal with Hashdex’s proposal? Well, it’s all about offering investors exposure to a diversified portfolio of cryptocurrencies—starting with Bitcoin (BTC) and Ether (ETH). These two coins are currently the only ones in the Nasdaq Crypto US Index, so they’ll be the focus of the ETF for now. It makes sense, right? Bitcoin and Ether are the big players, and they have the track record to back it up. But Hashdex isn’t stopping here; they’re planning to expand the ETF to include more digital currencies in the future. SEC’s Slow-Motion Approval Process Here’s the thing: the SEC has been super cautious about approving crypto-related financial products. Remember when Hashdex first filed for the ETF? They had to modify their proposal after the SEC asked for more time to review it. It’s not surprising. The SEC has a history of being very, very careful with crypto. But the thing is, Hashdex is sticking with it, continuing to tweak their filing to meet the SEC’s standards. This back-and-forth is pretty typical in the world of crypto ETFs, but it does raise the question—how long will this take? Also Read :   Why is Bitcoin Down Today? Will BTC Cross $100k?   , Crypto ETFs Are Gaining Traction If you’re wondering why anyone would be interested in a crypto ETF, here’s why: they’re becoming incredibly popular.…

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Filed under: News - @ November 26, 2024 7:10 am