SEC Decides to Postpone Hashdex’s Ethereum Spot ETF Application

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Based on breaking data, the SEC determined to postpone the applying of Hashdex, one of many Ethereum Spot ETF applicant corporations.

The Nasdaq change filed with the SEC to checklist the Hashdex Nasdaq Ethereum ETF in September. The fund is managed and managed by Toroso Investments, which is registered as a commodity pool operator with the Commodity Futures Buying and selling Fee and is a member of the Nationwide Futures Affiliation.

β€œThe fund will maintain a mixture of Spot Ether, Ether Futures Contracts and money, slightly than holding 100% spot Ethereum, which might make it extra inclined to cost manipulation within the spot market,” Nasdaq mentioned in its September 19b-4 submitting.

This led to what was believed on the time to be another with a better chance of the SEC approving these ETFs. Nonetheless, it appears the SEC continues to be not satisfied and has postponed Hashdex’s ETF software.

*This isn’t funding recommendation.

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