Hashdex joins race for spot Bitcoin ETF with unique strategy

Hashdex, a crypto asset management company, has submitted an application to the SEC for a Bitcoin futures ETF that will hold spot Bitcoin, taking a different approach from other filings by acquiring spot Bitcoin from physical exchanges within the CME market instead of depending on the Coinbase surveillance sharing agreement.

cointelegraph.com

Relevant topic timeline:

8/28/2023

Here Is the Full List of Spot Bitcoin ETF Applications and Deadlines

A series of Bitcoin Exchange Traded Fund (ETF) applications have been submitted to the SEC, potentially offering investors a more accessible way to invest in cryptocurrency and bridging the gap between traditional finance and digital assets.

9/4/2023

Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

The Securities and Exchange Commission (SEC) is more likely to approve spot bitcoin ETF applications following a federal court ruling that highlighted the regulator's arbitrary treatment of similar products, potentially leading to the withdrawal of approval for futures-based bitcoin ETFs. However, while the approval of spot bitcoin ETFs may be closer, it is unlikely to have a significant impact on the crypto market.