Hashdex Files Unique Spot Bitcoin ETF Application With US SEC
Hashdex Bitcoin ETF Filing Hashdex plans to hold spot Bitcoin in the Bitcoin futures ETF and change the name containing the DeFi ticker to Hashdex Bitcoin ETF , according to a 19b-4 filing by NYSE Arca with the US SEC. advertisement Bloomberg analyst James Seyffart noted that Hashdex filing is unique as it doesn’t rely on the Coinbase surveillance sharing agreement. Hashdex Bitcoin ETF will obtain spot Bitcoin through physical exchanges in the CME market. Also, it plans to do only Exchange for Related Positions (EFRP) transactions, which means exchanging futures contracts for equivalent spot exposure rather than buying directly from exchanges with cash. James Seyffart believes this has a higher chance of approval by the SEC amid pressure on Gary Gensler due to Grayscale lawsuit, Ethereum futures filing, and BlackRock’s introducing the Coinbase surveillance sharing agreement. Other experts including The ETF Store president Nate Geraci, investor...