Hashdex Pioneers Dual Bitcoin-Ethereum ETF in the US

In a groundbreaking move, Hashdex has submitted a proposal to the Securities and Exchange Commission (SEC) for the creation of an exchange-traded fund (ETF) that would hold both Bitcoin and Ethereum. This innovative initiative marks a significant step towards the integration of digital assets into conventional financial instruments, potentially expanding the accessibility of cryptocurrencies to a broader range of investors.

A New Era for Cryptocurrencies

The proposed ETF, named Hashdex Nasdaq Crypto Index US ETF, is designed to offer investors a stake in the two most prominent cryptocurrencies, mirroring their distribution in the Nasdaq Crypto Index. This structure adheres to a market-cap-weighted strategy, indicative of the index’s broader cryptocurrency market representation. The ETF’s composition reflects the Nasdaq Crypto Index, with Bitcoin and Ethereum accounting for approximately 70.54% and 29.46% of the fund, respectively.

Hashdex’s pioneering ETF could pave the way for greater cryptocurrency adoption

A Diversified Investment Opportunity

The fund will be backed by custodians Coinbase Custody Trust Company and BitGo Trust Company and will maintain cash reserves. While the initial focus is on Bitcoin and Ethereum, the ETF may consider including additional digital assets in the future, contingent upon SEC approval. This diversified investment opportunity could attract a broader range of investors, from institutional players to individual enthusiasts.

The ETF’s market-cap-weighted strategy mirrors the Nasdaq Crypto Index

A New Frontier for Investors

As the cryptocurrency market continues to evolve, innovative products like Hashdex’s ETF could play a crucial role in bridging the gap between traditional finance and the digital asset space. With its potential to expand the accessibility of cryptocurrencies, this ETF could be a game-changer for investors seeking exposure to the rapidly growing cryptocurrency market.

The two most prominent cryptocurrencies, Bitcoin and Ethereum, will be the initial focus of the ETF