SEC Acknowledges Hashdex's Bitcoin-Ethereum ETF Application

SEC Acknowledges Hashdex's Bitcoin-Ethereum ETF Application

Cristina da Silva
1 min read

SEC Acknowledges Hashdex's Bitcoin-Ethereum ETF Application

The Securities and Exchange Commission (SEC) has taken a significant step by acknowledging Hashdex's application for a Bitcoin-Ethereum exchange-traded fund (ETF), suggesting the possibility of approval by early March 2025. This groundbreaking ETF would diversify its portfolio by including both Bitcoin and Ethereum, with a 70.54% allocation to Bitcoin and 29.46% to Ethereum.

To safeguard the custody of these assets, Hashdex intends to collaborate with Coinbase Custody Trust Company and Bitcoin Trust. This strategic decision reflects a response to the oversupplied Ethereum-focused product market as it aims to present a more extensive crypto investment option.

Key Takeaways

  • SEC acknowledges Hashdex's Bitcoin-Ethereum ETF application.
  • Hashdex proposes a 70.54% Bitcoin and 29.46% Ethereum allocation.
  • ETF approval expected by early March 2025.
  • Hashdex partners with Coinbase Custody for asset security.
  • Market dynamics influence Hashdex's strategic shift to a broader crypto investment.


Hashdex's Bitcoin-Ethereum ETF application, if approved, could revolutionize crypto investment dynamics, benefiting both investors and the broader crypto market. The strategic partnership with Coinbase Custody enhances asset security, essential for regulatory acceptance. This move addresses market saturation in Ethereum products, diversifying investment options and potentially leading to increased investor interest and market volatility in the short term. In the long term, it could normalize crypto ETFs, integrating them into mainstream finance, influencing global financial structures and regulatory frameworks.

Did You Know?

  • Bitcoin-Ethereum ETF:
    • A Bitcoin-Ethereum ETF is an exchange-traded fund that invests in both Bitcoin and Ethereum, providing investors exposure to these cryptocurrencies through traditional stock exchanges. This type of ETF combines the benefits of investing in both major cryptocurrencies, potentially mitigating risk and offering a broader crypto investment option.
  • Coinbase Custody Trust Company:
    • Coinbase Custody Trust Company, a subsidiary of Coinbase, specializes in providing secure, institutional-grade custody services for digital assets. Through partnering with Coinbase Custody, Hashdex aims to ensure the safekeeping of the Bitcoin and Ethereum assets within their proposed ETF, leveraging Coinbase's expertise in secure asset storage.
  • Nate Geraci:
    • A notable industry expert in cryptocurrency and ETFs, Nate Geraci's analyses are closely followed by investors and professionals in the sector. His insights on the potential approval of the Bitcoin-Ethereum ETF by Hashdex carry significant weight, reflecting broader industry sentiment and potential influence on public opinion and regulatory decisions.

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