Hashdex withdrew its application for a spot Ether exchange-traded fund on May 24, a day after the SEC gave eight similar financial products the green light.
Investment manager Hashdex has withdrawn its application for a spot Ether exchange-traded fund (ETF), according to documents filed with the United States Securities and Exchange Commission (SEC).
A filing from May 28 reveals that Hashdex pulled its application for a proposed rule change that would allow the debut of its Hashdex Nasdaq Ethereum ETF. The proposal was taken down on May 24, just a day after eight similar financial products were approved by the financial watchdog.
There are no details on the reasons for the move or whether Hashdex will resubmit its proposal. Cointelegraph reached out to Hashdex but did not receive an immediate response.
