Asset manager Hashdex filled in a joint spot exchange-traded fund (ETF) indexed to Bitcoin (BTC) and Ethereum (ETH) weighted by market cap, as reported by Bloomberg ETF analyst James Seyffart. The decision comes three weeks after Nasdaq withdrew Hashdex’s proposed Ethereum ETF, as reported by Crypto Briefing. The final deadline for SEC approval should be set for the first week of March 2025.
Update: A dual Ethereum and #Bitcoin ETF filing from @hashdex just dropped. Will be market cap weighted. Shouldn’t be a surprise to anyone — makes a lot of sense.
Final deadline for SEC approval should be sometime around the first week of March 2025 pic.twitter.com/5wB7ucvbgM
— James Seyffart (@JSeyff) June 18, 2024
Notably, Seyffart highlights that the application includes “language to allow the addition of other digital assets,” if and when they are approved by the US regulator. The analyst shares his belief that Hashdex might try to offer a hybrid ETF in the US, such as the HASH11 product offered in Brazil.The HASH11 follows the Nasdaq Crypto Index (NCI), which consists of 11 different crypto with different weights. 
“Let me say something more broadly about crypto markets: right now, without pre-judging anyone, these tokens, whether the ones Jim listed or other tokens, have not given you the disclosures that not only do you need to make your investment decisions, but also are required by the law,” said Gensler.
Therefore, although Hashdex opens up its filing for potential stance changes on the SEC, they might not come so soon.
