Will Hashdex's Spot Bitcoin ETF Gain SEC Approval? ✅
Asset manager #Hashdex recently met with the U.S. SEC to address concerns about its application for a Hashdex Bitcoin Futures ETF to hold spot Bitcoin.
The meeting occurred on Oct. 13 with #SEC officials, Hashdex, NYSE Arca, Tidal Financial Group, and K&L Gates in attendance. Hashdex's approach differs from others as it doesn't rely on a surveillance-sharing agreement with Coinbase and proposes to acquire spot Bitcoin from CME-regulated exchanges.
This strategy aligns with the Teucrium Order, indicating a developed #bitcoin futures market. The SEC may seek more information before the application's Nov. 17 deadline. Hashdex manages over $380 million in assets and 14 ETPs across seven countries.
If approved, the ETF could hold spot Bitcoin. Other asset managers, like BlackRock, are also pursuing spot Bitcoin ETFs in the U.S., with expectations of SEC approval within three months.
