U.S. SEC approves proposed rule changes for Hashdex Bitcoin Futures ETF

The U.S. SEC approves proposed rule changes for the Hashdex Bitcoin Futures ETF that seek to change certain representations related to the ETF. Bloomberg analyst James Seyffart said he believes this is an approval order to switch Hashdex products from Teucrium trust products to Tidal trust products. NYSE Arca submitted a proposed rule change to the U.S. SEC on December 1. This change is intended to revise certain statements made by the Hashdex Bitcoin Futures Fund. The Fund is currently listed and traded on NYSE Arca under Rule 8.200-E. This rule change mainly involves the details of the reorganization of the Hashdex Bitcoin Futures Fund into the Hashdex Bitcoin Futures ETF, which will serve as one of the series of products of Tidal Commodities Trust I. After the reorganization, the assets and liabilities of the original fund will be transferred to the new ETF, and the share holders of the original fund will automatically become the share holders of the new ETF, holding new ETF shares equal to the net asset value (NAV) of the original fund. . The SEC has approved this rule change, emphasizing that the change will not have a significant impact on investor protection or the public interest, and will not impose unnecessary or inappropriate burdens on competition. The change reflects organizational and administrative changes implemented as a result of the reorganization but does not alter the ETF's investment objectives.