- Hashdex has filed an S1 with the SEC for its Hashdex Nasdaq Crypto Index US ETF
- They will go out in ETH now but plan to expand assets later on
- Coinbase Custody Trust Company, LLC, and BitGo Trust Company, Inc. are the designated custodians
Hashdex has filed an S-1 registration statement with the SEC for the cryptocurrency ETF – Hashdex Nasdaq Crypto Index US ETF.
What Are the Key Provisions Regarding the Hashdex Nasdaq Crypto Index Us ETF?
The Hashdex Nasdaq Crypto Index US ETF will initially include Bitcoin and Ether, but other assets are planned to be included depending on regulatory developments.
Adding other assets will require additional SEC approvals and a filing under Rule 19b-4 of the Exchange Act.
However, Hashdex has decided not to advance its offering of a spot Ethereum ETF alongside BlackRock and Fidelity.
If the fund is launched, Coinbase Custody Trust Company, LLC, and BitGo Trust Company, Inc. will act as custodians.
Conclusions
We may see the same race in Ethereum ETFs as with Bitcoin. However, it will most likely be led by the biggest players, such as BlackRock and Fidelity. They launched their Ethereum ETFs just two days after approval, which you can read more about in our other article.
The Hashdex Nasdaq Crypto Index US ETF probably won’t be their direct competitor, as they plan to launch the first index-based crypto ETF that directly owns spot Bitcoin and Ethereum.
However, we can only assess possible overlaps and specific numbers reflecting their strategy if their application is approved.
