TL;DR
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Digital asset manager, Hashdex, just submitted an S-1 registration statement for its ‘Hashdex Nasdaq Crypto Index US ETF,’ which will essentially combine spot Bitcoin and Ethereum ETFs in the US.
Full Story
Here’s something interesting.
Digital asset manager, Hashdex, just submitted an S-1 registration statement for its ‘Hashdex Nasdaq Crypto Index US ETF,’ which will essentially combine spot Bitcoin and Ethereum ETFs in the US.
Which is cool – if/when approved, investors will be able to buy a single share and get the return on the average return of both ETH and BTC ETFs.
But here’s the part that excites us:
“If any crypto asset other than bitcoin and ether becomes eligible for inclusion in the Index, the Sponsor will transition to a sample replication strategy, with only bitcoin and ether in the same proportions determined by the Index.”
In other words, if/when a SOL spot ETF is approved (for example), it would also be added to the Crypto Index US ETF.
(And reading between the lines, they wouldn’t have included that if they didn’t think it was likely to happen).
While you could go out and simply buy a portfolio worth of BTC and ETH ETFs to achieve the same result, this will simplify that process.
And investors generally opt for simpler/quicker processes.
We’ve seen innovation within public markets through BTC ETFs, ETH ETFs, crypto futures ETFs, and now aggregated crypto ETFs (assuming this is approved).
Gotta love that!
