Hashdex Files S-1 for Crypto Index ETF

IconCryptoNewsTerminal Staff24 Jul, 2024

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Hashdex Files S-1 for Crypto Index ETF

Hashdex, a leading digital asset manager, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a crypto index ETF. The ETF will track the Hashdex Nasdaq Crypto Index (NCI), which measures the performance of the largest and most liquid crypto assets. The filing marks a significant step forward for Hashdex's plans to launch its first ETF in the United States. The ETF will provide investors with a convenient and regulated way to gain exposure to the growing cryptocurrency market. Hashdex's ETF is expected to be listed on the Nasdaq exchange, subject to regulatory approval. The ETF will be actively managed and rebalanced quarterly. The filing comes at a time of growing interest in crypto ETFs. Several other companies have filed for crypto ETFs in recent months, but none have yet been approved by the SEC. If approved, Hashdex's ETF would be the first crypto index ETF to be listed on a major U.S. exchange. The ETF could pave the way for more crypto ETFs to be launched in the future.

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