Crypto asset management company Hashdex plans to launch an ETF that directly owns spot Bitcoin and Ethereum, thus establishing the first index-based cryptocurrency ETF in the United States.
Hashdex filed a registration statement (also known as S-1) with the U.S. Securities and Exchange Commission on Wednesday. The fund, called Hashdex Nasdaq Crypto Index US ETF, will hold Bitcoin and Ethereum, but may hold more assets later, depending on the development of the regulatory environment.
Bloomberg ETF analyst James Seyffart said that if the fund is approved, it may add other assets. (The Block)