Hashedex, a Brazilian asset management firm, has submitted a filing with the Securities and Exchange Commission (SEC) for a dual Ethereum and Bitcoin exchange-traded fund (ETF). The firm aims to list this ETF on Nasdaq, making it accessible to a broad range of investors, from institutional players to retail participants.
According to the filing, the ETF would provide investors with 70.54% exposure to Bitcoin and 29.46% to Ethereum. James Seyffart, Senior ETF Analyst at Bloomberg Intelligence, estimates the SEC’s decision by March 2025.
Laurent Kssis, an independent board member of Issuance Swiss AG, highlighted ongoing regulatory developments, noting Ethereum’s potential as the next token for acceptance.
In Europe, similar exchange-traded products (ETPs) have gained traction. Leading the charge is asset management firm 21Shares, which offers crypto ETPs tracking individual cryptocurrencies and diversified products combining multiple assets. Platforms like Germany’s Xetra and exchanges such as the Nordic Growth Market and SIX Swiss Exchange have embraced crypto ETPs, meeting strong investor demand for regulated and transparent digital asset investments.
Kssis pointed to Europe’s historical precedence, suggesting a compelling case for introducing similar products in the U.S. once regulatory approval for the underlying assets is secured.
Hashedex’s ETF filing holds significance given the SEC’s cautious approach to crypto ETFs historically.
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