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 software to the U.S. Securities and Change Fee (SEC) for a Bitcoin futures ETF that may maintain spot Bitcoin.

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

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