Hashdex Amends S-1 for Crypto ETF as BTC ETFs Reach $3.3B

Hashdex submitted an amended S-1 filing to the U.S. Securities and Exchange Commission (SEC). This submission is part of the plan to launch a Nasdaq Crypto Index US ETF, offering exposure to Bitcoin (BTC) and Ethereum (ETH). 

Hashdex’s Crypto ETF Plan

Hashdex’s revised filing follows an earlier S-1 submission. The SEC requested more time for review, leading to this amendment. The ETF aims to track Bitcoin and Ethereum, two of the most popular cryptocurrencies. 

These assets are part of the Nasdaq Crypto US Index. Hashdex may add more digital currencies to the ETF over time. Other firms like Franklin Templeton and Grayscale are also jumping into the crypto ETF market. 

Crypto ETF Market Growth

The crypto ETF market is booming. Bitcoin ETFs saw net inflows of $3.38 billion from November 18th to 22nd. This marked a 102% increase from the previous week, the largest weekly inflow ever recorded. 

However, by November 25th, the market saw $438.38 million flow out of these funds. Ethereum ETFs experienced similar fluctuations, with six days of outflows before rebounding on November 22nd. Still, Ethereum ETFs hit a milestone on November 25th.

With the crypto ETF market expanding, all eyes are on the SEC’s next moves. SEC Chair Gary Gensler will step down in January 2025. His departure could lead to a shift in how regulators approach digital assets. 

As more firms, like Hashdex, launch crypto ETFs, one question remains: Will the SEC ease approval, or will it continue to be a barrier? Only time will tell, but the crypto ETF movement is gaining momentum.