Hashdex files with SEC for combined spot Bitcoin and Ether ETF

If approved, the crypto ETF would be the first of its kind, but probably not the last.

Hashdex has proposed in a June 18 filing with the United States Securities and Exchange Commission (SEC) to create a combined spot Bitcoin (BTC) and Ether (ETH) exchange-traded fund (ETF) on the Nasdaq exchange. 

The proposed ETF would balance the crypto assets according to their market capitalizations, cited as 70.54% Bitcoin (BTC) and 29.46% Ether (ETH) on May 27. Its passive investment strategy would track the daily market movement on the Nasdaq Crypto US Settlement Price Index without trying to “beat” it.

A combined-asset ETF “makes a lot of sense,” analyst James Seyffart said. The ETF would not invest in other spot assets besides BTC and ETH. However, it added:

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