Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»SEC Delays Decision on Hashdex’s Bitcoin and Ether Holdings ETF Proposal
ADOPTION NEWS

SEC Delays Decision on Hashdex’s Bitcoin and Ether Holdings ETF Proposal

By Crypto FlexsAugust 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Delays Decision on Hashdex’s Bitcoin and Ether Holdings ETF Proposal
Share
Facebook Twitter LinkedIn Pinterest Email
Policy • August 9, 2024 2:07 PM EDT

Posted 1 minute earlier ~ in

The U.S. Securities and Exchange Commission has postponed its decision on an exchange-traded fund (ETF) from Hashdex, a cryptocurrency asset management company that directly owns physical bitcoin and ether.

The agency said it would extend the time to decide whether to approve, deny or initiate proceedings until September 30, 2024. filing Posted on Friday.

The SEC stated, “The Commission believes it is appropriate to provide a longer period of time to take action on the proposed rule change so as to allow sufficient time to consider the proposed rule change and the issues raised therein.”

Hashdex submitted: Registration StatementThe document, also known as the S-1, was filed with the SEC on July 24. The fund, called Hashdex Nasdaq Crypto Index US ETF, holds bitcoin and ether, but could eventually hold more assets depending on how the regulatory environment evolves.

“If crypto assets other than Bitcoin and Ether become eligible for inclusion in the index, the Sponsor will transition to a sample replication strategy that includes only Bitcoin and Ether in the same proportions determined by the index,” the company said in its S-1. filing. “If the Trust were to change this and revert to a full replication strategy, the Exchange would need to file a rulemaking filing with the SEC pursuant to Rule 19b-4 of the Exchange Act to seek approval to amend the listing rules to allow the Trust to hold the new index constituents.”

The Hashdex Nasdaq Crypto Index US ETF is listed and traded on Nasdaq and is based on the Nasdaq Crypto Index US methodology. Nasdaq contaminated File Form 19b-4 for the fund in June.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Sarah is a reporter covering policy, regulation, and legal issues for The Block. Previously, Sarah was a securities regulation reporter at CQ Legal, where she first began reporting on cryptocurrencies. Sarah has also written for other financial publications, including The Bond Buyer and American Banker. She graduated from the University of Missouri with a degree in print and digital journalism. Sarah lives in Washington, D.C., and is an avid coffee drinker. You can follow her on Twitter @ForTheWynn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025
Most Popular

Google Cloud joins EigenLayer mainnet as node operator

April 10, 2024

XRP ‘god candle imminent’ with year-end target of $2 — analyst

November 14, 2024

Why Ethereum is Weakening Optimistic Sentiments

December 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.