SEC Delays Hashdex Bitcoin-Ethereum ETF Decision to September

The US Securities and Exchange Commission (SEC) has pushed back its decision on Hashdex's Bitcoin-Ethereum ETF until the end of September.

In a notice on 9 August, the SEC said it needed “sufficient time to consider the proposed rule change and the issues raised therein.” A new decision deadline has been set for 30 September 2024.

"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC stated.

Hashdex filed its registration with the SEC to hold Bitcoin and Ethereum in a joint ETF, shortly after withdrawing its original Ethereum ETF.

Hashdex Withdraws ETH ETF Application, BlackRock’s S-1 Update Suggests Looming Debut

Hashdex withdrew its ETH ETF application one day after the SEC approved the products for other issuers but BlackRock’s S-1 update could signal an incoming launch

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The crypto management firm's product would be the first ETF to hold both BTC and ETH in the American market.

Its 19b-4 form, submitted with Nasdaq, said the ETF would include cash holdings, with Coinbase Custody and BitGo designated as custodians. The ETF would track the Nasdaq Crypto US Settlement Price Index (NCIUSS).

Last week, Grayscale, Bitwise, and Blackrock filed to list options on Ethereum ETFs. The SEC approved Ethereum ETFs to go live on exchanges in July but has not even authorized options trading on Bitcoin ETFs, which were listed in January.

ETH ETFs have attracted $1.5 billion in net inflows since their launch while BTC ETFs have a total market cap of $71 billion.

Grayscale, Bitwise Also Want to List Ethereum ETFs Options on NYSE

Grayscale and Bitwise are following in the footsteps of BlackRock, which also wants to list Ethereum ETF options

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