Hashdex joins race for spot Bitcoin ETF with distinctive technique

Crypto asset administration firm Hashdex has joined the competitors for a spot (BTC) exchange-traded fund (ETF) in america. The agency has submitted an software to the U.S. Securities and Trade Fee (SEC) for a Bitcoin futures ETF that can maintain spot Bitcoin.

ETFs are funding funds that commerce on a inventory market, with their worth derived from an underlying basket of property akin to shares, bonds, commodities and different monetary devices. Equally, Bitcoin ETFs monitor BTC’s worth and commerce on conventional inventory exchanges quite than crypto exchanges.

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