Asset manager Hashdex has submitted an amended registration filing for a proposed exchange-traded fund (ETF) designed as a one-stop-shop cryptocurrency portfolio, according to an Oct. 1 regulatory filing.
New step towards a crypto index ETF
The filing indicates continued progress for the crypto index ETF with the United States Securities and Exchange Commission (SEC) after the agency asked for more time to reach a decision on whether to authorize the fund for trading in August.
Components of the new ETF
The Hashdex Nasdaq Crypto Index US ETF will initially comprise Bitcoin and Ether — the only assets currently included in the Nasdaq Crypto US Index — but may eventually expand to include additional virtual currencies.
Expert opinions and the ETF market
Industry analysts say crypto index ETFs are the next big focus for issuers after ETFs holding BTC and ETH listed in January and July, respectively. Katalin Tischhauser, head of investment research at crypto bank Sygnum, told Cointelegraph in August: 'The next logical step is index ETFs because indices are efficient for investors — just like how people buy the S&P 500 in an ETF. This will be the same in crypto.'
Total assets in US ETFs surpassed $10 trillion for the first time on Sept. 27, propelled in part by inflows of more than $20 billion into cryptocurrency ETFs in 2024.
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