Exciting News for Crypto Investors: A New Joint ETF Combining Bitcoin and Ethereum
Are you a crypto investor looking for new opportunities to diversify your portfolio? Well, here’s some good news for you! Hashdex, a crypto asset manager, has filed an application for the Hashdex Nasdaq Crypto Index US ETF, which could be the first-ever exchange-traded fund in the US to hold both spot Bitcoin and Ethereum.
Here’s a breakdown of what this new joint ETF could mean for you:
What the Proposed ETF Includes
Here’s what you need to know about the Hashdex Nasdaq Crypto Index US ETF:
- The fund would track the Nasdaq Crypto Index (NCI).
- It includes cash holdings, with Coinbase Custody and BitGo as designated custodians.
- The index is market-capitalization weighted, holding 70.54% Bitcoin and 29.46% Ethereum.
Implications for the Crypto Market
What does this new ETF mean for the crypto market? Here are some key takeaways:
- The Hashdex ETF could provide a passive investment strategy, aimed at tracking the NCI’s performance.
- This move marks a significant step forward for crypto investment in the US.
- The ETF would not invest in crypto securities, tokenized assets, or stablecoins.
Potential Future Expansion
Looking ahead, here’s what you can expect in the future:
- The ETF could potentially include additional crypto assets if they meet specific criteria.
- The Hashdex application deadline for SEC approval is set for the first week of March 2025.
- There is a possibility of adding other digital assets approved by the SEC in the future.
Exciting Times Ahead for Crypto Investors
With the potential launch of the Hashdex Nasdaq Crypto Index US ETF, the crypto investment landscape in the US is evolving rapidly. Stay tuned for more updates on this innovative development.
Hot Take: Stay Informed and Seize New Investment Opportunities in Crypto
Get ready to explore new avenues for investment and diversification with the upcoming joint ETF combining Bitcoin and Ethereum. Stay informed, stay ahead, and capitalize on the evolving crypto market!
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