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Bitcoin Spot ETF applicant, Hashdex has recently submitted a revised version of its ETF proposal. The news comes as the financial firm prepares for the US SEC’s final decision on Spot Bitcoin ETF applications in January 2024.&nbsp; 
<h2 id="hashdex-amends-spot-bitcoin-etf-proposal">Hashdex Amends Spot Bitcoin ETF Proposal</h2> 
Crypto asset management company, Hashdex has announced new updates on its <a href="https://bitcoinist.com/bitcoin-etf-gets-nod-from-sec-commissioner/">Spot Bitcoin ETF proposal.</a> Earlier in August, the financial service company stated in its filing to the <a href="https://bitcoinist.com/bitcoin-etf-approval-sec-january-2-10/">United States Securities and Exchange Commission (SEC)</a> that it intends to combine Spot Bitcoin with its Bitcoin Futures ETF, altering the ticker to a Hashdex Bitcoin ETF.&nbsp; 
At the time, Hashdex was sponsored by Teucrium Trading, a Burlington-based ETF provider, and was <a href="https://www.sec.gov/Archives/edgar/data/1985840/000138713123012940/tct-s4_103123.htm" rel="nofollow noopener" target="_blank">in the process of initiating a merger</a> with Tidal Commodities Trust, an investment company.&nbsp; 
Now, in its <a href="https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2023/SR-NYSEArca-2023-84.pdf" rel="nofollow noopener" target="_blank">new filing</a> to the New York Stock Exchange (NYSE), Hashdex has officially initiated a partnership between Teucrium Trading LLC and Tidal Commodities Trust to collectively sponsor the Hashdex Bitcoin ETF.&nbsp; 
The filing stated that the merger would result in both organizational and administrative changes. These adjustments would involve a shift in the trust entity responsible for issuing the <a href="https://bitcoinist.com/tradfi-massive-bitcoin-bet-ahead-etf/">Bitcoin ETF</a> and a change in the ETF sponsor.&nbsp; 
More importantly, <a href="https://bitcoinist.com/hashdex-bitcoin-spot-etf-unique-application/">Hashdex</a> has stated its intentions to uphold its initial investment strategies and objectives. The proposed rule change is also intended not to negatively affect investors’ protection or impose a burden on competitors.&nbsp; 
“According to the Information Statement, the investment objective of the Acquiring ETF will be the same as that of the Target ETF following the Reorganization. The Exchange believes these changes will not adversely impact investors or Exchange trading. In addition, the Acquiring ETF’s portfolio meets and will continue to meet the representations regarding the Target ETF investments as described in the Releases. Except for the changes noted above, all other representations made in the Releases remain unchanged,” the filing stated.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/ENwSJHYb/" alt="Bitcoin price chart from Tradingview.com" width="2650" height="1530"> 
<h2 id="btc-price-skyrockets-towards-39-000">BTC Price SkyRockets Towards $39,000</h2> 
The <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-spot-etf-sec-delays-38000/" rel="nofollow noopener" target="_blank">price of Bitcoin</a> has been experiencing steady increases as investor sentiment grows and the final dates of the <a href="https://bitcoinist.com/bitcoin-spot-etf-the-most-important-catalyst-price/">US SEC’s approval of Spot Bitcoin ETFs</a> approach. Unexpectedly, BTC price surged to $39,000 recently, reaching heights last observed in May 2022. 
The trigger for this sudden price spike has been attributed to a recent <a href="https://www.federalreserve.gov/newsevents/speech/powell20231201a.htm" rel="nofollow noopener" target="_blank">speech</a> released by the Board of Governors of the Federal Reserve System of the United States. According to the report, the Chair of the Federal Reserve United States, Jerome H. Powell has raised hopes of Fed rate hikes reducing and becoming more stable.&nbsp; 
“The FOMC is strongly committed to bringing inflation down to 2 percent over time, and to keeping policy restrictive until we are confident that inflation is on a path to that objective. It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease,” Powell stated.&nbsp; 
Data from <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="nofollow noopener" target="_blank">TradingView</a> also revealed that the price of Bitcoin had risen to $39,000 on <a href="https://bitcoinist.com/bitstamp-exchange-suffers-considerable-losses/">Bitstamp</a>, a cryptocurrency exchange. However, at the time of writing the cryptocurrency is trading at $38,765 and is up by 0.12%.

Hashdex Submits Revised Bitcoin Spot ETF Filing To The SEC, Here’s What Changed

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