TL;DR
Digital asset supervisor, Hashdex, simply submitted an S-1 registration assertion for its ‘Hashdex Nasdaq Crypto Index US ETF,’ which can primarily mix spot Bitcoin and Ethereum ETFs within the US.
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Right here’s one thing fascinating.
Digital asset supervisor, Hashdex, simply submitted an S-1 registration assertion for its ‘Hashdex Nasdaq Crypto Index US ETF,’ which can primarily mix spot Bitcoin and Ethereum ETFs within the US.
Which is cool – if/when accepted, buyers will be capable of purchase a single share and get the return on the common return of each ETH and BTC ETFs.
However right here’s the half that excites us:
“If any crypto asset apart from bitcoin and ether turns into eligible for inclusion within the Index, the Sponsor will transition to a pattern replication technique, with solely bitcoin and ether in the identical proportions decided by the Index.”
In different phrases, if/when a SOL spot ETF is accepted (for instance), it will even be added to the Crypto Index US ETF.
(And studying between the traces, they wouldn’t have included that in the event that they didn’t suppose it was prone to occur).
When you might exit and easily purchase a portfolio price of BTC and ETH ETFs to attain the identical end result, this may simplify that course of.
And buyers usually go for easier/faster processes.
We’ve seen innovation inside public markets via BTC ETFs, ETH ETFs, crypto futures ETFs, and now aggregated crypto ETFs (assuming that is accepted).
Gotta love that!
