Hashdex's Spot Bitcoin ETF Application Fuels Market Anticipation Amid Ongoing Uncertainties in the ETF Landscape

Hashdex has created a buzz by applying for a Bitcoin spot ETF with the U.S. Securities and Exchange Commission (SEC). The proposed Hashdex Bitcoin ETF plans to acquire its Bitcoin directly from exchanges that are associated with the Chicago Mercantile Exchange.



Experts like James Seyffart from Bloomberg have scrutinized the application, highlighting a strategy mainly focused on exchange-traded position transactions. This approach is unique in that it uses futures contracts to achieve spot market exposure, as opposed to buying Bitcoin outright on other exchanges.



The SEC's decision to delay its comments until next year has contributed to significant anticipation and eagerness in the spot Bitcoin ETF space, as stakeholders keenly watch the unfolding developments.



The ongoing legal issues surrounding Grayscale continue as the


First found on: https://coinatory.com/2023/08/28/hashdexs-spot-bitcoin-etf-application/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP