Crypto asset management firm Hashdex filed for a joint Bitcoin and Ethereum ETF with the U.S. Securities and Exchange Commission (SEC) today. Bloomberg ETF analyst James Seyffart reported the filing and noted that it was “very significant.”
Seyffart reports that the application faces an SEC approval deadline of March 2025. Additionally, he notes that the filing includes content that “allows for the addition of other digital assets to once they are approved by the SEC.”
Hashdex files Bitcoin and Ethereum ETF applications with the SEC
In the first six months of the year, crypto-based ETFs dominated discussions. Investment services have become one of the most talked about developments in the financial sector this year, and that will likely only increase. The success of the Bitcoin ETF approved in January was undeniable, pushing the leading cryptocurrency to an all-time high of $73,000 in March 2024.
Now, Hashdex has officially filed for a joint spot Bitcoin and Ethereum ETF with the SEC. Bloomberg ETF analysts reported the filing on Tuesday while also revealing interesting aspects of the investment product.
According to Seyffart, the ETF will seek to increase the amount of cryptocurrency offered following the agency’s regulatory action. That would definitely be a game changer. To date, Bitcoin and Ethereum are the only assets with SEC-approved spot ETFs.
Seyffart notes that the product “absolutely makes sense as a future goal.” He also revealed that the filing includes two custodians, Coinbase and BitGo. While this application has been filed, the market is still waiting for the Ethereum ETF to officially go live.
Many experts have predicted that the ETH offering will officially begin trading before July 4. However, analysts note that no official filing has been made showing an official timetable yet. more precise.
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