Nasdaq Cancels Hashdex ETH ETF Listing Amidst SEC Scrutiny

IconCryptoNewsTerminal Staff29 May, 2024

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Nasdaq Cancels Hashdex ETH ETF Listing Amidst SEC Scrutiny

Nasdaq has withdrawn its application to list and trade shares of the Hashdex Nasdaq Ethereum ETF, according to a recent report by The Block. The decision was made public on May 24th (local time) through a notice on Nasdaq's website. This move comes shortly after the U.S. Securities and Exchange Commission (SEC) approved 19b-4 filings (formal requests for review) for eight other Ethereum ETFs, excluding Hashdex. Nasdaq initially filed with the SEC to list the Hashdex Nasdaq Ethereum ETF in September 2021. This decision highlights the ongoing regulatory scrutiny surrounding cryptocurrency ETFs. While other Ethereum ETFs have received approval, the SEC's decision to exclude Hashdex from its list of approved filings suggests ongoing concerns about the underlying assets and market volatility. As the regulatory landscape for cryptocurrency evolves, investors should carefully consider the risks and potential rewards of investing in ETFs tied to digital assets.

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