Hashdex Seeks to Expand U.S. Crypto ETF to Include Litecoin, XRP and Other Altcoins
The proposed amendment would include various cryptocurrencies in the in the Hashdex Nasdaq Crypto Index US ETF.
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Hashdex
The proposed amendment would include various cryptocurrencies in the in the Hashdex Nasdaq Crypto Index US ETF.
Rio de Janeiro, Brazil (Raphael Nogueira/Unsplash)
Trading under the ticker DEFI, asset manager Hashdex’s Bitcoin Futures ETF – which had been trading as a futures-based fund on the New York Stock Exchange since 2022 – was renamed and converted into the Hashdex Bitcoin ETF and now operates as a spot bitcoin fund.
Pro-market digital assets regulation and growing interest from large institutions are among the factors of the success so far, said Hashdex’s CEO.
The U.S. Securities and Exchange Commission (SEC) is delaying any decision on efforts by Hashdex and Grayscale to convert existing investment products into exchange-traded funds, according to a set of filings on Wednesday.