According to Coincu, Hashdex, a key player in Bitcoin ETF development, has resumed discussions with the U.S. Securities and Exchange Commission (SEC) this week. The focus is on its Bitcoin ETF, and this comes after the SEC previously deferred decisions on various ETFs, including Hashdex's Nasdaq Spot Ethereum ETF and Grayscale Ethereum Futures Trust conversion.
Notably, the SEC delayed verdicts on the VanEck Ethereum ETF and the ARK 21Shares Ethereum ETF, seeking public input in the process. The regulatory body also announced the initiation of proceedings concerning the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures Trust, inviting public opinions on whether these entities should be permitted to list.
In a November development, the SEC postponed the Hashdex spot Bitcoin ETF proposal, prompting Hashdex to introduce an amendment to the Bitcoin ETF's spot on Form S-1. This form, a standard for registering financial products with the SEC, requires approval from the agency's Division of Corporate Finance. Concurrently, Hashdex utilized application 19b-4 to propose regulatory changes to the SEC, seeking approval for the product's mechanisms. Despite these regulatory intricacies, Hashdex remains optimistic about the launch of the Hashdex spot Bitcoin ETF, aiming for a debut in the second quarter of 2024. The company's persistence reflects its commitment to navigating the regulatory landscape and contributing to the evolving landscape of cryptocurrency investment opportunities.
