Hashdex has amended its S-1 filing for a crypto index ETF following an SEC request for additional review.
Revised Filing and Portfolio Focus
Under the revised S-1 application, the Hashdex Nasdaq Crypto Index US ETF will invest solely in Bitcoin and Ethereum. The ETF will not trade tokenized assets or stablecoins. Future changes might include additional assets. SEC approval delays were caused by the need to assess market risks and potential regulatory adjustments.
Franklin Templeton’s Crypto Index ETF Delay
Franklin Templeton's ETF is also facing delays from the SEC. The firm filed in August to track the CF Institutional Digital Asset Index. The SEC has postponed its decision to January 6, 2025.
Grayscale’s Digital Large Cap Fund Conversion
Grayscale’s Digital Large Cap Fund has filed to become an ETF. Established in 2018, the fund currently holds Bitcoin, Ethereum, Solana, and XRP. The conversion will allow investors direct access to diversified crypto investments.
The updated ETF applications by Hashdex and other firms show a growing interest in crypto investing. However, the SEC continues to scrutinize such proposals thoroughly.
