SEC Delays Decision on Hashdex's Bitcoin and Ether ETF Proposal

Aug 9, 2024, 06:08 PM

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Hashdex's proposed cryptocurrency exchange-traded fund (ETF), which aims to directly hold spot bitcoin and ether. The decision has been delayed to September 30, 2024, as the agency requires more time to review the proposal. This delay comes amidst ongoing scrutiny and regulatory considerations surrounding cryptocurrency ETFs. The Hashdex Nasdaq Crypto Index ETF is designed to track various crypto assets, and the SEC's decision is highly anticipated by the market.