Hashdex's Unique Approach Could Give Its Spot-Bitcoin ETF Application an Edge with SEC
Analysts believe that the probability of Hashdex's spot-bitcoin exchange traded fund (ETF) application being approved by the Securities and Exchange Commission (SEC) is higher than that of the other 11 applicants due to its unique approach. The firm's application is building upon the SEC's guidance and will rely entirely on CME pricing. Hashdex aims to shift the investment strategy of its already trading Hashdex Bitcoin Futures ETF (DEFI) into one that can hold spot-bitcoin ETF. The firm's decision to use CME over Coinbase for the SEC's requirement of a surveillance-sharing agreement (SSA) could give it an edge over other applicants.
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