The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding Hashdex’s application to launch a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Alongside Hashdex, the SEC has also postponed its decision on Grayscale’s application to launch a futures ETF based on Ethereum (ETH).
Hashdex aims to transform its futures exchange-traded fund into a spot Bitcoin ETF through this application. This particular type of ETF is currently unavailable in the U.S. market. Investors believe that the introduction of a spot Bitcoin ETF will attract institutional investors to the cryptocurrency market. Consequently, the crypto community has shown significant interest in these applications.
Following these developments, Franklin Templeton’s application to launch a spot Bitcoin ETF is expected to be the next decision deadline on November 17.