If approved, the crypto ETF would be the first of its kind, but probably not the last.
Hashdex has proposed in a June 18 filing with the United States Securities and Exchange Commission (SEC) to create a combined spot Bitcoin (BTC) and Ether (ETH) exchange-traded fund (ETF) on the Nasdaq exchange.
The proposed ETF would balance the crypto assets according to their market capitalizations, cited as 70.54% Bitcoin (BTC) and 29.46% Ether (ETH) on May 27. Its passive investment strategy would track the daily market movement on the Nasdaq Crypto US Settlement Price Index without trying to “beat” it.
A combined-asset ETF “makes a lot of sense,” analyst James Seyffart said. The ETF would not invest in other spot assets besides BTC and ETH. However, it added:
