Hashdex Meets SEC on Bitcoin Futures ETF with Spot Bitcoin Proposal

Hashdex Meets SEC Concerns Over Bitcoin Futures ETF Application

Hashdex, an asset manager, met with the US Securities and Exchange Commission (SEC) to discuss its application for a Bitcoin Futures ETF that can hold spot Bitcoin. On 13 October the meeting occurred with SEC officials and representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex's distinctive approach involves acquiring spot Bitcoin from exchanges within the CME market, banishing the need for a surveillance-sharing agreement with Coinbase. The SEC may ask for more information before the 17 November deadline. Hashdex manages over $380 million in assets and provides 14 exchange-traded products across seven countries, including a Bitcoin Futures ETF.