Hashdex Files For Combined Spot Bitcoin And Ethereum ETF
Portfolio Pulse from Murtuza Merchant
Hashdex has filed for a combined spot Bitcoin and Ethereum ETF, named the Hashdex Nasdaq Crypto Index US ETF. This ETF will be market cap-weighted, with Bitcoin making up 70.54% and Ethereum 29.46%. The approval of this ETF would mark another milestone in the integration of digital assets into mainstream financial products.
June 18, 2024 | 5:08 pm
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POSITIVE IMPACT
Hashdex has filed for a combined spot Bitcoin and Ethereum ETF, with Bitcoin constituting 70.54% of the fund. Approval of this ETF would further integrate Bitcoin into mainstream financial products.
The ETF's heavy weighting in Bitcoin and its potential approval by the SEC would likely increase demand and legitimacy for Bitcoin, positively impacting its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Hashdex has filed for a combined spot Bitcoin and Ethereum ETF, with Ethereum making up 29.46% of the fund. Approval of this ETF would further integrate Ethereum into mainstream financial products.
The ETF's significant weighting in Ethereum and its potential approval by the SEC would likely increase demand and legitimacy for Ethereum, positively impacting its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100