Hashdex files for spot Ethereum ETF

Hashdex, a digital asset manager, sent to the SEC a proposal to launch an Ethereum-based ETF and CME-traded futures based on the second-largest cryptocurrency.

The regulator has registered Nasdaq’s filing. The Hashdex Nasdaq Ethereum ETF is expected to list on this exchange.

The product’s sponsor is Toroso Investments, Hashdex-controlled and CFTC-licensed, and a member of the National Futures Association (NFA).

According to the filing, the instrument’s price will track the Nasdaq Ether Reference Price.

“Investing in futures and holding cash in addition to spot Ethereum, the fund … mitigates concerns about potential manipulation on unregulated crypto exchanges,” the document says.

Back in August, ARK Invest and 21Shares filed the application for the launch of two Ethereum-futures ETFs.

Earlier, six firms, including Grayscale, ProShares, Bitwise and VanEck, had sought SEC approval for similar products запросили. Later, к ним присоединилась Valkyrie.