Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show

According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF. The filing, submitted on May 28, has left investors and industry observers speculating about the reasons behind this unexpected move, especially given the SEC’s recent approval of eight similar financial products. The Hashdex Nasdaq Ethereum (ETH) exchange-traded fund (ETF) aimed to combine spot Ether holdings with Ether futures contracts, a strategy designed to mitigate market manipulation risks. These approved spot-based Ether ETFs are set to launch on various exchanges in June.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android