Hashdex Dual Bitcoin and Ethereum ETF Filed to SEC with Approval Deadline in 2025

Key Points:

• The Hashdex dual Bitcoin and Ethereum ETF was filed with the goal of SEC approval by early March 2025.
• Recent SEC approvals for spot Bitcoin ETFs and 19b-4 forms for Ethereum ETFs signal growing institutional acceptance of crypto funds.

Hashdex, a prominent player in the cryptocurrency exchange-traded fund (ETF) market, has made a significant move by applying for a dual ETF that would encompass both Bitcoin and Ethereum.

Hashdex Dual Bitcoin and Ethereum ETF Proposed in SEC Filing

Hashdex dual Bitcoin and Ethereum ETF filing, as confirmed by Bloomberg ETF analyst James Seyffart, marks an important step in the evolving landscape of digital asset investments.

The proposed ETF from Hashdex is designed to be weighted by market capitalization, reflecting the relative sizes of Bitcoin and Ethereum within the cryptocurrency market. It aims to provide investors with exposure to the two largest cryptocurrencies by market value.

The submission of the application sets a timeline where the final approval decision by the U.S. Securities and Exchange Commission (SEC) is anticipated around the first week of March 2025. If approved, Hashdex dual Bitcoin and Ethereum ETF would join a series of recent firsts in the crypto fund space.

Hashdex’s initiative follows recent SEC approvals for spot Bitcoin ETFs earlier this year, alongside the clearance of 19b-4 forms for numerous spot Ethereum ETFs last month. However, the journey towards ETF approval involves a two-step process, with the SEC yet to finalize registration statement forms for the Ethereum products.

Nasdaq Withdraws Proposal Amidst Regulatory Developments

Previously, Nasdaq withdrew its proposal to list the Hashdex Nasdaq Ethereum ETF, coinciding with the SEC’s approval of 19b-4 forms for eight similar Ethereum ETFs. This decision underscores the dynamic regulatory environment surrounding digital asset ETFs in the United States.

Initially focused on a Bitcoin futures ETF, Hashdex sought to adapt following the launch of spot Bitcoin products by competitors in January.

The approval of the first U.S. spot Bitcoin ETFs earlier this year marked a significant milestone, with anticipation building for forthcoming launches of spot Ether ETFs. The SEC continues to collaborate with fund issuers to finalize registration statements for planned Ethereum ETFs.