Opinion: Bitcoin ETF will begin trading in the second quarter of 2024

Hashdex predicts that the first Bitcoin spot ETF will begin trading in the second quarter of 2024, followed by an Ethereum spot ETF.

The timing of the exact launch of a spot Bitcoin ETF in the US is unclear, but the company expects it to happen in the second quarter of next year. Hashdex has submitted its products to the US Securities and Exchange Commission and includes not only a spot Bitcoin ETF, but also a hybrid ETF with Ethereum.

Bloomberg analysts believe the likelihood of approval of a spot Bitcoin ETF is high, but note that time may pass between approval and launch. The director of Hashdex believes that the emergence of spot ETFs for Bitcoin and Ethereum will open up a $50 trillion market and attract major investor interest in these assets.