tl;dr
Asset management firm Hashdex has submitted the S-1 filing for its combined spot Bitcoin and Ethereum ETF products. The filing indicates that the ETF will hold both assets on an adjusted basis to maintain a balanced portfolio. The Hashdex Nasdaq Crypto Index US ETF will initially include only Bitcoi...
Hashdex, a prominent asset management firm, has submitted the S-1 filing for its combined spot Bitcoin and Ethereum ETF products, marking a significant milestone in its pursuit of offering a balanced portfolio. The proposed Hashdex Nasdaq Crypto Index US ETF will initially include Bitcoin and Ethereum, with potential for additional assets pending SEC approval.
Tidal ETF Services LLC. is set to administer the proposed ETF, as the company makes strides in its collaboration with the Securities and Exchange Commission (SEC). The recent launch of the spot Ethereum ETF witnessed substantial inflows and trading volume, indicating a promising trajectory for crypto ETFs.
The filing emphasizes Hashdex's intention to maintain a balanced portfolio, adapting to market dynamics while seeking further diversification in the future. With favorable conditions for crypto ETFs, industry expectations are high for potential approvals of ETFs related to Solana and XRP, in addition to Hashdex's current offerings.
More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
Industry: ENERGY & TRANSPORTATION
Commodity: GOLD AND SILVER ORES
Market Cap: 116,945,000
Dividend Yield: None
EPS: None
P/E Ratio: 0
Forward P/E: 0.127
PEG Ratio: -0.0306
Volume: 36,723,000
Market Cap (Intraday): 1.38
Beta (3Y Monthly): 2.549
52-Week Change: 0.625