Hashdex resumes bitcoin ETF talks with SEC amid regulatory changes

Hashdex resumes bitcoin ETF talks with SEC amid regulatory changes

user avatar

by Liza Tanasova

3 years ago

Hashdex, a prominent player in the Bitcoin ETF arena, has reinitiated discussions with the U.S. Securities and Exchange Commission (SEC) this week, focusing on its Bitcoin ETF. This move comes after the SEC delayed decisions on various ETFs, including Hashdex's Nasdaq Spot Ethereum ETF and the Grayscale Ethereum Futures Trust conversion.

The SEC, having deferred verdicts on ETFs like the VanEck Ethereum ETF and the ARK 21Shares Ethereum ETF, is actively seeking public input on these matters. Furthermore, the regulatory body initiated proceedings on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures Trust, soliciting public opinions on whether these entities should be granted listing permission.

In a November development, the SEC delayed the Hashdex spot Bitcoin ETF proposal, prompting Hashdex to introduce an amendment to the Bitcoin ETF's spot on Form S-1. This standard form for registering financial products with the SEC requires approval from the agency's Division of Corporate Finance. Simultaneously, Hashdex utilized application 19b-4 to propose regulatory changes to the SEC, seeking approval for the product's mechanisms.

Despite the regulatory complexities, Hashdex remains optimistic about the launch of the Hashdex spot Bitcoin ETF, targeting a debut in the second quarter of 2024. This perseverance underscores the company's commitment to navigating the regulatory landscape and contributing to the evolving realm of cryptocurrency investment opportunities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.