A Cryptocurrency Company Applies for Merger of Bitcoin and Ethereum ETFs

Byadmin

Jun 18, 2024
A Cryptocurrency Company Applies for Merger of Bitcoin and Ethereum ETFsA Cryptocurrency Company Applies for Merger of Bitcoin and Ethereum ETFs

Cryptocurrency asset management company Hashdex has submitted a joint application for a Bitcoin and Ethereum ETF spot to the Securities and Exchange Commission (SEC).

Bloomberg ETF analyst James Seyfarth commented on similar ETFs, stating “This makes sense.” Seyfarth emphasized that the deadline for SEC approval of the document is in October 2025.

Update: A dual Ethereum and Bitcoin ETF filing from @hashdex has just dropped. It will be weighted by market cap. No one should be surprised – this makes sense. The final deadline for SEC approval should be around the first week of October 2025.

The analyst also revealed that the document involves two custodian institutions – Coinbase and BitGo. It is worth noting that the market is still waiting for the approval of the S-1 application for the Ethereum ETF to be officially launched and fully operational.

Read more:

Coinbase’s former senior executives state that cryptocurrency will be the pillar of artificial intelligence.

Some experts anticipate that the ETH ETF will start trading around February 2, but there is currently no official announcement indicating a specific timetable.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *