Hashdex Submits Revised Bitcoin Spot ETF Filing To The SEC, Here’s What Changed
Summary
Crypto asset management firm Hashdex has revised its Spot Bitcoin ETF proposal ahead of a US Securities and Exchange Commission (SEC) decision in January 2024. The updated proposal sees Hashdex partnering with Teucrium Trading and Tidal Commodities Trust, resulting in organizational and administrative changes. Hashdex aims to maintain its investment strategies and objectives and does not foresee negative impacts on investor protection or competition. The unexpected surge in Bitcoin's price to $39,000 has been credited to Federal Reserve Chair Jerome H. Powell's recent comments about potential Fed rate stability.
