Bitcoin Spot ETF applicant, Hashdex has recently submitted a revised version of its ETF proposal. The news comes as the financial firm prepares for the US SEC’s final decision on Spot Bitcoin ETF applications in January 2024. 

Hashdex Amends Spot Bitcoin ETF Proposal

Crypto asset management company, Hashdex has announced new updates on its Spot Bitcoin ETF proposal. Earlier in August, the financial service company stated in its filing to the United States Securities and Exchange Commission (SEC) that it intends to combine Spot Bitcoin with its Bitcoin Futures ETF, altering the ticker to a Hashdex Bitcoin ETF. 

At the time, Hashdex was sponsored by Teucrium Trading, a Burlington-based ETF provider, and was in the process of initiating a merger with Tidal Commodities Trust, an investment company. 

Now, in its new filing to the New York Stock Exchange (NYSE), Hashdex has officially initiated a partnership between Teucrium Trading LLC and Tidal Commodities Trust to collectively sponsor the Hashdex Bitcoin ETF. 

The filing stated that the merger would result in both organizational and administrative changes. These adjustments would involve a shift in the trust entity responsible for issuing the Bitcoin ETF and a change in the ETF sponsor. 

More importantly, Hashdex has stated its intentions to uphold its initial investment strategies and objectives. The proposed rule change is also intended not to negatively affect investors’ protection or impose a burden on competitors. 

“According to the Information Statement, the investment objective of the Acquiring ETF w

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Author: Scott Matherson

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