Dual Bitcoin and Ethereum ETF
Hashdex, a Brazilian crypto asset management company, has filed for a dual ETF that includes both Bitcoin and Ethereum. This move comes as the race for a Spot Ethereum ETF intensifies.
Market-Weighted Approach
Hashdex’s ETF will be market-weighted, meaning its composition will be based on the market capitalization of Bitcoin and Ethereum. Bitcoin will account for 70.54% of the ETF, while Ethereum will make up 29.46%.
Custody Arrangements
Hashdex plans to use Coinbase Custody Trust Company and BitGo Trust Company to safeguard the Bitcoin and Ethereum assets in the ETF.
Timeline for Ethereum Spot ETFs
Crypto analysts predict that Ethereum Spot ETFs could start trading within the next few weeks. The SEC is expected to approve S-1 registration statements, which will allow trading to begin.
Hashdex’s Dual ETF Deadline
The SEC has set a deadline of early March 2025 for its approval of Hashdex’s combined Bitcoin and Ethereum ETF.
