Spot Ethereum ETFs Race Heats Up With Double-Edged Filing From Hashdex
Summary
Hashdex has applied for a dual ETF with Bitcoin and Ethereum. The ETF will be market-weighted, with 70.54% Bitcoin and 29.46% Ethereum. Other crypto assets may be added based on specific criteria. Hashdex plans to use Coinbase Custody Trust Company, LLC and BitGo Trust Company, Inc as custodians. The Ethereum Spot ETFs are expected to start trading in the next few weeks, with the SEC likely to approve them by the end of summer. Hashdex's combined Bitcoin and Ethereum ETF approval deadline is around the first week of March 2025.
