Hashdex's distinctive approach in pursuing a US spot Bitcoin ETF, highlighted by its SEC filing, generates interest in the evolving crypto landscape
In the fast-evolving world of crypto, Hashdex, a crypto asset management firm, has entered the race for the first US spot Bitcoin exchange-traded fund (ETF). The company has formally submitted an application to the US Securities and Exchange Commission (SEC), with a unique approach: they are seeking approval for a Bitcoin futures ETF incorporating direct investments in spot Bitcoin.
Exchange-traded funds (ETFs) function as investment vehicles traded on stock markets, with their value tied to an underlying mix of assets like stocks, bonds, and commodities. Similarly, Bitcoin ETFs track the value of Bitcoin and trade on traditional stock exchanges, setting them apart from crypto exchanges.