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 the USA. The agency has submitted an utility to the U.S. Securities and Alternate 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 corresponding 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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