According to a filing published earlier this week, Hashdex Nasdaq Ethereum The proposal to list and trade ETF shares was withdrawn.
Notably, Nasdaq issued a withdrawal notice on Tuesday, just a week after the U.S. Securities and Exchange Commission (SEC) approved forms 19b-4 for eight Ethereum ETFs, excluding Hashdex. “On May 24, 2024, the Exchange withdrew the proposed rule change,” the filing said.
Hashdex Ethereum Spot ETF was not among the 8 Ethereum Spot ETFs approved by the SEC.
The Nasdaq exchange filed with the SEC in September to list the Hashdex Nasdaq Ethereum ETF. The fund, managed and controlled by Toroso Investments, is registered with the Commodity Futures Trading Commission as a commodity pool operator and is a member of the National Futures Association. In addition to ETH, the fund planned to invest in CME-listed Ethereum futures contracts, cash and cash equivalents.
In other words, the Hashdex Ethereum ETF had a different structure than other ETFs that would invest only in ETH, and this may have caused the application to be withdrawn after negotiations with the SEC.
Over the past few months, the proposed fund has received numerous public comments, including from councillors.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!