Ethereum

Hybrid

Bitcoin

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Brazilian cryptocurrency asset manager Hashdex intends to launch a&nbsp;<a href="https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2024-028.pdf" rel="noopener noreferrer nofollow">hybrid spot exchange-traded fund (ETF)</a> that tracks the value of Bitcoin and Ethereum.&nbsp;
"The Shares are designed to provide a straightforward means of obtaining
investment exposure to bitcoin and ether through the public securities market, as opposed to direct acquisition, holding, and trading of spot crypto assets on a peer-to-peer or other basis or via a crypto asset platform," the filing says.&nbsp;&nbsp;
Hashdex plans to simultaneously use at least two custodians for the ETF (BitGo and Coinbase).&nbsp;
The Hashdex Nasdaq Crypto Index US ETF will be capitalization-weighted, with Bitcoin (BTC) accounting for 70.54% of the portfolio. The weightings will be adjusted on a quarterly basis to reflect changes in market value.&nbsp;
Hashdex also did not rule out that other digital currencies will be added to the mix. However, such changes would need to be approved by the SEC first.&nbsp;
The asset manager's Brazil-based crypto index ETF includes such assets as Solana (SOL), XRP, Cardano (ADA), Litecoin (LTC), and Polygon (MATIC) on top of Bitcoin and Ethereum.&nbsp;
As noted by Bloomberg Intelligence analyst James Seyffart, bringing such a product to the US would make "complete sense as a future goal." He&nbsp;<a href="https://x.com/JSeyff/status/1803087413088043124" rel="noopener noreferrer nofollow">opined</a> that "people who believe digital assets have broader use than just what Bitcoin currently offers," adding that such a product would make "a ton of sense" for advisors that want diversified exposure to the cryptocurrency space.&nbsp;
As&nbsp;<a href="https://u.today/hashdex-withdraws-ethereum-etf-proposal-after-snub-from-sec" rel="noopener noreferrer nofollow">reported by U.Today</a>, Hashdex withdrew its ETF proposal that was supposed to combine futures-based Ether contracts and spot-based Ether in late May.&nbsp;
The approval deadline for its new proposal should be around March 2025, according to Seyffart.&nbsp;

Hybrid Bitcoin and Ethereum ETF Proposed by Hashdex

U_Today

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