Hashdex met with the Securities and Exchange Commission (SEC) regarding its spot Bitcoin exchange-traded fund (ETF) application.
According to the statement shared by the SEC, Hashdex Hashdex Bitcoin ETF He met with the Department of Trade and Markets and the Department of Corporate Finance on December 14 to talk about the issue.
According to the presentation made by Hashdex, the fund will seek to maximize its investment in spot Bitcoin and will use CME Bitcoin futures contracts for trading operations.
It is planned for the fund to purchase or sell physical Bitcoin in exchange for exchange for physical (EFP) type transactions and the delivery or receipt of equivalent amounts of futures positions.
Cash refunds for CME Bitcoin futures compare to in-kind refunds, according to Hashdex’s presentation much more efficient it could be.
Asset manager BlackRock also recently met with the SEC. BlackRock to satisfy SEC’s expectations cash back He focused on his method.