tl;dr
Asset manager Hashdex has submitted a 19b-4 filing for combined spot Bitcoin and Ethereum ETFs, triggering a new wave of ETF applications. The filing was highlighted by Nate Geraci, the President of ETF Store, and the proposed ETF will be managed and controlled by Hashdex but administered by Tidal E...
Hashdex, a prominent asset manager, has submitted a 19b-4 filing for combined spot Bitcoin and Ethereum ETFs, sparking a new wave of ETF applications. The proposed ETF, managed and controlled by Hashdex but administered by Tidal ETF Services LLC, aims to provide investment exposure to Bitcoin and Ethereum without directly holding the cryptocurrencies. This move follows Hashdex and Grayscale's withdrawal of their spot Ethereum ETF applications, subsequent to the U.S. SEC's approval of similar proposals from other issuers. The anticipated approval deadline for the combined spot Bitcoin and Ethereum ETFs is around March 2025.
Nate Geraci, President of ETF Store, brought attention to the filing, which was submitted to the United States Securities and Exchange Commission (SEC) by the Nasdaq stock exchange. The exchange seeks to list and trade shares of the Hashdex Nasdaq Crypto Index US ETF under Nasdaq Rule 5711(d). Notably, the proposed ETF will involve an agreement with Coinbase Custody Trust Company and Bitcoin Trust to serve as custodians for the underlying digital assets.
The withdrawal of the spot Ethereum ETF applications by Hashdex and Grayscale came shortly after the U.S. SEC's approval of similar proposals from other issuers. Grayscale's decision to withdraw its application for the Ethereum Futures ETF raised speculation, with analysts suggesting it aimed to replicate circumstances leading to the approval of their GBTC Bitcoin ETF. This dynamic landscape reflects the evolving dynamics of ETF applications in the cryptocurrency space, setting the stage for a potential shift in investment opportunities and market trends.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: Technology
Sector: General
Support Levels: None
Resistance Levels: None
RSI: 0
Moving Averages: 0
Bollinger Bands: 0
Breakouts: None
Head and Shoulders Pattern: 0
Bullish Trend Indicators: 0
Bearish Trend Indicators: 0
More about MicroStrategy Incorporated
Company: MicroStrategy Incorporated
Business Profile: MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $26,526,992,000
Dividend Yield: None
EPS: -10.62
P/E Ratio: 32.62
ROE: -0.174
Revenue: $489,592,000
Employees: 1945.79
Volatility: -0.775
Beta: -0.055