The post Hashdex Files Application with SEC to Hold Spot Bitcoin in Futures ETF! appeared first on Coinpedia Fintech News
Brazilian crypto asset management firm Hashdex has filed an application with the US Securities and Exchange Commission (SEC) to hold spot Bitcoin in its Bitcoin futures ETF. The company proposed changing the name of the Hashdex futures ETF as part of the application. With this move, Hashdex aims to acquire equivalent spot exposure through futures instead of buying Bitcoin spot directly with cash from exchanges. The move is intended to give investors more opportunities to get exposure to the world’s largest cryptocurrency. The ETF’s proposed name change reflects the changes made in the ETF’s investment approach.
Source: https://coinpedia.org/crypto-live-news/hashdex-files-application-with-sec-to-hold-spot-bitcoin-in-futures-etf/