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

BotPsy Sets New Standards in AI Performance Benchmarks

Tether's QVAC BotPsy has achieved impressive scores in AI performance benchmarks, scoring 440 on BFCL v4 and 587 on ACEBench, surpassing larger models and demonstrating the potential of smaller AI models.

user avatarMiguel Rodriguez

Tether Launches Innovative AI Model QVAC BotPsy

Tether introduces QVAC BotPsy, an AI model with 800 million parameters that excels in performing everyday tasks on personal devices.

user avatarRajesh Kumar

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.

user avatarLuis Flores

Deutsche Bank Launches Crypto Custody Service for Institutions

Deutsche Bank has officially launched its crypto custody service for institutional and corporate clients in Europe.

user avatarArif Mukhtar

Yana Prikhodchenko Takes the Helm as CEO of Phase

Yana Prikhodchenko has been appointed as cofounder and CEO of Phase, a technology company focused on the AI agent economy.

user avatarDavid Robinson

Phase Unveils Layer 1 Blockchain Mainnet and AI Agent Services

Phase has launched its Layer 1 blockchain mainnet and AI agent services, enabling autonomous operations for AI agents.

user avatarMaria Gutierrez

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.