Digital asset manager Hashdex sent to SEC proposal to launch ETFs based on Ethereum and traded on CME futures based on the second largest cryptocurrency by capitalization.
The department registered an application from Nasdaq. The Hashdex Nasdaq Ethereum ETF is expected to be listed on this site.
The product is sponsored by a controlled Hashdex licensed CFTC and dick NFA Toroso Investments.
According to the statement, the price of the instrument will track the Nasdaq Ether Reference Price.
“By investing in futures and holding cash in addition to spot Ethereum, the fund […] mitigates concerns regarding potential manipulation on unregulated crypto exchanges,” – the document says.
Let us recall that in August ARK Invest and 21Shares submitted an application to launch two ETFs based on Ethereum futures.
Prior to this, six firms requested approval of similar products from the SEC, including Grayscale, ProShares, Bitwise and VanEck. Valkyrie later joined them.
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