Hashdex's Unique Approach Could Give Its Spot-Bitcoin ETF Application an Edge with SEC
Analysts believe that the probability of Hashdex's spot-bitcoin exchange traded fund (ETF) application being approved by the Securities and Exchange Commission (SEC) is higher than that of the other 11 applicants due to its unique approach. The firm's application is building upon the SEC's guidance and will rely entirely on CME pricing. Hashdex aims to shift the investment strategy of its already trading Hashdex Bitcoin Futures ETF (DEFI) into one that can hold spot-bitcoin ETF. The firm's decision to use CME over Coinbase for the SEC's requirement of a surveillance-sharing agreement (SSA) could give it an edge over other applicants.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Treasury Targets Houthi Crypto Wallets, Financial Network
Securitize Reports Highest-Ever Dividend of $4.17 Million for Tokenized Treasury Product
Market Turmoil Hits Pi Network: Investors Face Uncertain Future
In Brief Pi Network's value has sharply declined, alarming many within the community. Experts predict a potential price drop of Pi Coin to $0.1 if trends continue. Investor confidence remains shaky due to regulatory and technical uncertainties.
1 in every 5 Americans hold Crypto: Ripple CLO
Trending news
MoreCrypto prices
More
