Originally published on: November 25, 2024
Asset manager Hashdex has recently submitted its second amended application for a proposed exchange-traded fund (ETF) that aims to provide investors with a comprehensive cryptocurrency portfolio, based on a regulatory filing dated November 25.
The updated filing indicates ongoing progress for the crypto index ETF with the Securities and Exchange Commission (SEC), the primary financial regulator in the United States.
Initially including Bitcoin (BTC) at $97,171 and Ether (ETH) at $3,719.44, the Hashdex Nasdaq Crypto Index US ETF may potentially expand to encompass additional digital currencies beyond the Nasdaq Crypto US Index’s current assets.
Anticipated as the next significant trend in ETFs, crypto index ETFs come into focus following the successful listings of BTC and ETH ETFs in January and July, respectively. Analysts in the industry believe that index ETFs present an efficient investment avenue for crypto enthusiasts, analogous to popular traditional ETFs like the S&P 500.
With continuous developments in crypto regulations, spurred by shifts in US government leadership and proactive measures by financial regulatory bodies, asset managers like Franklin Templeton and Grayscale are also eyeing the crypto index ETF market.
While the Franklin Crypto Index ETF tracks the CF Institutional Digital Asset Index’s performance, solely comprising BTC and ETH at present, the Grayscale Digital Large Cap Fund uniquely includes a selection of alternative cryptocurrencies alongside the staple assets of BTC and ETH.
As the crypto industry evolves and regulatory frameworks adapt, the landscape for crypto-related investments continues to expand, offering diverse opportunities for savvy investors.
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