On August 11, 2024, the US Securities and Exchange Commission (SEC) decided to delay its decision on Hashdex’s proposed crypto index ETF, known as the Hashdex Nasdaq Crypto Index US ETF. The proposed ETF is expected to consist of 70.54% Bitcoin and 29.46% Ethereum, with the remaining cash to cover operating expenses.
The delay comes after the SEC requested more time to more thoroughly review the factors involved in approving the ETF. While waiting for the SEC’s final decision, investors and the crypto community are waiting for the commission’s response, as the SEC’s approval will open up new investment opportunities in the cryptocurrency sector, especially through structured investment vehicles such as ETFs.
The Hashdex Nasdaq Crypto Index US ETF is designed to provide an alternative investment option for investors who want to gain exposure to the cryptocurrency market through closely managed and regulated investments. The delay also reflects the SEC’s strong interest in protecting investors and maintaining transparency in emerging investment products in the cryptocurrency space.
source: thuancapital
