Crypto asset management firm Hashdex has announced plans to launch an exchange-traded fund (ETF) that will directly hold spot Bitcoin and Ether.
The proposal for the Hashdex Nasdaq Crypto Index US ETF was posted by Nasdaq via Form 19b-4 on Tuesday, a move that ETF experts say was not unexpected.
According to Bloomberg ETF analyst James Seyffart, the ETF will be market cap weighted and its filing should not come as a surprise to anyone.
This announcement comes after the SEC approved spot Bitcoin ETFs earlier this year, and more recently, approved 19b-4 forms for a number of spot Ethereum ETFs.
However, the SEC still needs to approve registration statement forms for the Ethereum products, which is part of a two-step process.
