Crypto asset management firm Hashdex has put forward a proposal for a spot exchange-traded fund (ETF) that would directly hold both Bitcoin and Ethereum.
New York-based stock exchange Nasdaq disclosed the proposal on June 18 via a Form 19b-4 filing, which describes the firms’ intent to establish the Hashdex Nasdaq Crypto Index US ETF. The filing does not clarify the ratio of the holdings.
This is the first proposal for an ETF that aims to give investors combined exposure to both of the largest cryptocurrencies. The final deadline for SEC approval is set for March 2025.
Bloomberg ETF analyst James Seyffart commented on the announcement:
“A dual Ethereum and Bitcoin ETF filing from @hashdex just dropped. Will be market cap weighted. Shouldn’t be a surprise to anyone — makes a lot of sense.”
This proposal follows the SEC’s approval of spot Bitcoin ETFs earlier this year and its recent approval of 19b-4 forms for several spot Ethereum ETFs. The SEC still needs to approve the r
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