Hashdex is pursuing approval to present a hybrid blend of spot and future contracts Ethereum ETF, with an application submitted by the Nasdaq stock exchange to the United States Securities and Exchange Commission (SEC).

The filing clarifies that, owing to the application’s nature, the share price may deviate from Ether’s spot price.

Hashdex Ethereum ETF Aims To Reduce Risks

According to a September 11 filing, the Hashdex Nasdaq Ethereum ETF has been put forth to the SEC for approval. This will offer investors exposure to both Ethereum spot and futures contracts. However, it notes that this endeavor could encounter price fluctuations:

“Because the Fund’s investment objective is to track the price of the Benchmark by investing in Ether and Ether Futures Contracts, changes in the price of the Shares may vary from changes in the spot price of Ether.”

The fund will be managed by Toroso Investments. Toroso believes that the investment strategy aims to reduce manipulation Go to Source to See Full Article
Author: Ciaran Lyons

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