Hashdex Files for Combined Spot Bitcoin and Ethereum ETF

Jimmy Aki
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Hashdex has submitted S-1 filings with the U.S. Securities and Exchange Commission (SEC) that will see the launch of the first combined spot Bitcoin and Ether ETF, marking a significant milestone for the crypto industry.

Hashdex Could Add More Crypto Assets in the Future

The Hashdex combined spot Bitcoin and Ether ETF, otherwise known as the crypto index ETF, will be listed on the Nasdaq exchange and supervised by Coinbase Custody Trust Company, LLC, and BitGo Trust Company, Inc. to ensure that the digital assets under their care are securely stored.

With Hashdex’s move coming right after the recent approval of spot Ethereum ETFs for trading, the crypto market has begun to garner more interest from investors and receive a wider acceptance of crypto-related products, which can only get better should all go as projected.

Matt Hougan, CIO at Bitwise, earlier, in a video interview, supported this statement by saying that “we could enter an ETF era of crypto starting from 2025 with ETFs featuring more on multiple crypto assets alongside the emergence of index-based ETFs.”

Based on the S-1 filing from Hashdex, the crypto index ETF would be made up mostly of Bitcoin at 70.54% simply because of its larger market cap, with Ethereum making up 29.46%.

ETF analyst James Seyffart also believes that Hashdex can add other crypto assets to their crypto index ETF should the SEC give its approval.

President of the ETF store, Nate Geraci, also agreed with the words of James Seyffar, as he stated that ETFs will establish a relationship between Ethereum and traditional financial markets and also serve as further proof of crypto’s broader momentum and adoption.

Solana Makes Wave to Become the First Potential Crypto ETF Apart From Bitcoin and Ethereum

While ETFs for Bitcoin and Ethereum have been approved for trading, Solana is already leading the way when it comes to the emergence of more crypto ETFs.

Notably, Franklin Templeton is already pushing for Solana ETF, believing it to be one of the cryptocurrencies that will drive the crypto space forward.

The firm also believes that Solana has shown major adoption and continues to mature, showing great potential to become a crypto ETF.

However, a major stumbling block is the fact that the SEC has not given its approval for a Solana-based ETF.

Nonetheless, two issuers, 21Shares and VanEck, have filed for spot Solana ETFs. It remains to be seen if the SEC will approve their filings this time, as this could set the pace for further crypto investments in the regulated financial market.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.