Hashdex files amended S-1 for crypto index ETF in the US

Source Fxstreet
  • Hashdex submitted an amended S-1 filing for a spot crypto ETF index.
  • The crypto ETF will only feature BTC and ETH initially but could include other assets over time.
  • Other asset managers, including Franklin Templeton, are also seeking approval for a crypto index ETF.

Asset manager Hashdex filed an amended S-1 with the Securities & Exchange Commission (SEC) for its crypto index exchange-traded funds (ETF) on Tuesday following the regulator's request for more time to decide on the product.

Hashdex updates its crypto index ETF filing

Crypto asset manager Hashdex filed an amended S-1 for its crypto index ETF that will directly own spot Bitcoin and Ethereum.

Filing an amended S-1 implies that an asset manager has updated its initial registration statement with the SEC to include new or revised information. This may involve changes to its fee structures, market maker identities, or other details necessary for regulatory compliance before the ETF can trade publicly. 

The amended registration statement concerns the Hashdex Nasdaq Crypto Index ETF, which the asset manager initially filed in July. 

Following the filing, regulators requested more time on its decision to act on the “one-stop-shop” crypto portfolio, which, if approved, will be the first of its kind in the US.

The crypto ETF will initially comprise Bitcoin and Ethereum, with the potential to add more cryptocurrencies over time. The Hashdex Nasdaq Crypto Index US ETF will be listed and traded on Nasdaq, utilizing the methodology of the Nasdaq Crypto Index US.

In addition to Hashdex's crypto filing, asset manager Franklin Templeton also awaits approval for its Franklin Crypto Index ETF designed to offer investors an all-in-one digital asset portfolio.

The ETF, filed in August, will track the performance of the CF Institutional Digital Asset Index, which currently comprises only Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Price Forecast: ETH tests $3,000 following strong ETF and treasury inflowsEthereum (ETH) climbed above $2,900 on Thursday, mimicking the rally seen in Bitcoin.
Author  FXStreet
Yesterday 01: 36
Ethereum (ETH) climbed above $2,900 on Thursday, mimicking the rally seen in Bitcoin.
placeholder
Bitcoin's surge to new all-time high sparks $1 billion in short liquidationsBitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.
Author  FXStreet
Yesterday 03: 24
Bitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.
placeholder
Japanese Yen dives back closer to weekly trough against a broadly firmer USDThe Japanese Yen (JPY) drifts lower against a broadly stronger US Dollar (USD) during the Asian session on Friday.
Author  FXStreet
Yesterday 03: 45
The Japanese Yen (JPY) drifts lower against a broadly stronger US Dollar (USD) during the Asian session on Friday.
placeholder
Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
Author  NewsBTC
21 hours ago
Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
placeholder
Gold price approaches weekly high as tariff jitters boost safe-haven demandGold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
Author  FXStreet
21 hours ago
Gold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
goTop
quote