Hashdex Bitcoin Futures ETF launches on the New York Stock Exchange (NYSE).
The product in question is traded under the code “DEFI” following the approval of the Securities and Exchange Commission (SEC). The approval of the ETF has reignited hopes for the SEC to take a softer view of BTC spot ETFs.
SEC Approves Another Bitcoin Futures ETF
American online news site Business 2 Community announced the development. According to the report, Hashdex’s BTC Futures ETF has recently started trading on the NYSE, following the SEC’s approval. This ETF will be the first BTC ETF approved under the Securities Act of 1933.
According to data from the NYSE, at the time of this writing, the ETF in question is trading at $24.7798.
Several other Bitcoin Futures ETFs were also approved prior to DEFI. However, these are all managed under the Investment Company Act of 1940.
The latest ETF, Hashdex, was a joint venture between investment firm Treucrium Trading and independent private financial advisor Victoria Capital Management.
Marcelo Sampaio, co-founder and CEO of Hashdex, said:
“The launch of the Hashdex Bitcoin Futures ETF demonstrates Hashdex’s continued commitment to providing innovative and regulated products and services that allow investors access to the digital asset class.”
Sampaio stated that the launch of the ETF was a huge success for Hashdex and the firm aims to offer more products in the US and globally. According to Sampaio, the firm will make sure its products meet the needs of every class of investors.
*Not investment advice.
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