The US Securities and Exchange Commission (SEC) postponed its decision for the Hashdex Nasdaq Ethereum ETF.
The SEC is considering an application for the Hashdex Nasdaq Ethereum ETF, which will operate in both the spot and derivative markets for Ethereum. more time it needs.
The regulatory body decides whether to approve the application. Until January 1, 2024 he will decide. Last week, the SEC also postponed Hashdex’s application to convert its ETF, which invests in Bitcoin futures contracts, into spot.
Nasdaq registered with the SEC in September to list Hashdex’s Ethereum exchange-traded fund. Toroso Investments undertakes the management of the fund.
“The fund will hold a mix of spot Ethereum, Ethereum futures contracts and cash rather than holding 100% spot Ethereum to avoid being susceptible to price manipulation in the spot market,” Nasdaq said in its filing. It was said.
Although Grayscale and BlackRock have taken steps to establish a spot Ethereum ETF, the SEC has not yet approved any of these applications.
The SEC approved nine futures ETFs for Ethereum last month.