Bitcoin

The U.S. Securities and Exchange Commission (SEC) has postponed a decision on whether to approve Hashdex’s proposed ETF that would directly hold both Bitcoin and Ethereum.
The SEC announced Friday that it will extend the review period until September 30, 2024, to allow more time for evaluation.
“The Commission finds it appropriate to set a longer time period for taking action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised therein,” the SEC said in a statement.
Related News: <a href="https://en.bitcoinsistemi.com/binance-publishes-21st-proof-of-reserves-here-are-the-altcoins-the-exchange-holds-and-their-amounts/" target="_blank" rel="noopener noreferrer nofollow">Binance Publishes 21st Proof of Reserves: Here Are the Altcoins the Exchange Holds and Their Amounts</a>
Hashdex, a crypto asset management firm, first filed its registration statement, known as the S-1, with the SEC on July 24, 2024. The proposed fund, called the Hashdex Nasdaq Crypto Index US ETF, is designed to hold both Bitcoin and ETH. However, the firm noted that the fund could potentially include additional assets in the future, depending on the evolution of the regulatory environment.
“If any crypto asset other than Bitcoin and ETH becomes eligible for inclusion in the Index, the Sponsor will switch to a sample replication strategy that includes only Bitcoin and ETH in the same proportions determined by the Index,” Hashdex explained in its S-1 filing.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sec-releases-statement-on-anticipated-new-product-following-bitcoin-etfs/" rel="noopener noreferrer nofollow">SEC Releases Statement on Anticipated New Product Following Bitcoin ETFs</a>

SEC Releases Statement on Anticipated New Product Following Bitcoin ETFs

Bitcoin Sistemi EN

Other articles published on Aug 9, 2024

Thailand SEC Launches Sandbox to Boost Digital Asset Innovation and Market Growth

JPMorgan Chase Introduces Generative AI Assistant to Employees

Bitstamp & Stripe Join Forces in Expanding Crypto Onramp

Tech Firms Groups Ask EU for More Time To Comply With AI Act

Amid the Crypto Market Crash and Sei’s Price Drop, Staking the Best Meme Coin on Presale Could Be...

Ethereum ETFs Witness $2.9 Million Net Outflows On August 8, BlackRock $11.7M Inflows

Join our free newsletter for daily crypto updates!