Kryptodata

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  • BTC Dominance: 50.68%
Hashdex's mixed Ether ETF filing joins the race for crypto ETFs on Nasdaq.

Hashdex’s mixed Ether ETF filing joins the race for crypto ETFs on Nasdaq.

– The Nasdaq stock exchange has applied to the SEC to list an Ethereum Exchange-Traded Fund (ETF) offered by Hashdex.

– The ETF, known as the Hashdex Nasdaq Ethereum ETF, will include a combination of spot ether holdings and futures contracts in its portfolio.

– This ETF is the first filing for futures and spot Ether holdings under the ’33 Act and is overseen by Toroso Investments.

– The primary investment goal of the fund is to mirror the daily fluctuations in the Nasdaq Ether Reference Price.

– The fund aims to decrease reliance on the spot market and address concerns about potential manipulation by including Ether Futures Contracts and cash in its holdings.

– Hashdex is also competing for a spot Bitcoin ETF, but its approach differs from recent filings as it won’t depend on the Coinbase surveillance sharing agreement.

– The SEC has deferred its determinations on all applications for spot cryptocurrency funds so far.

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