Last Updated on August 28, 2023 by Bitfinsider
Crypto asset management company Hashdex has joined the competition for a spot Bitcoin exchange-traded fund (ETF) in the United States. The firm has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures ETF that will hold spot Bitcoin.
Hashdex’s approach differs from recent filings as it won’t depend on the Coinbase surveillance sharing agreement, opting to acquire spot Bitcoin from physical exchanges within the CME market. According to a 19b-4 filing by NYSE Arca with the U.S. SEC, Hashdex intends to include spot Bitcoin in its Bitcoin futures ETF and modify the name, changing its ticker to Hashdex Bitcoin ETF.
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