Breaking News: Hashdex Files S-1 for Innovative Spot Bitcoin & Ethereum ETF Launch

Last updated:07/25/2024

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HIGHLIGHTS:

Hashdex has submitted its S-1 filing for combined BTC and ETH ETF
The filing comes barely 48 hours after spot Ethereum ETF opened for trading
The S-1 filing is indication Hashdex has hopes for the new product approval

Asset management firm Hashdex has filed the S-1 filing for its combined spot Bitcoin and Ethereum ETF products. This move represents a major milestone for the firm’s pursuit as it comes weeks after it first submitted its official filing for the fund.

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Hashdex ETF Proficiency Could Pave the Way for Success
Ethereum ETFs and More Crypto ETFs

Hashdex ETF Proficiency Could Pave the Way for Success

The asset manager has revealed in its filing that the combined Bitcoin and Ethereum ETF will maintain a balanced portfolio by adjusting the holdings of both assets.

For now, the Hashdex Nasdaq Crypto Index US ETF will start with just Bitcoin and Ethereum. If it decides to list other assets in the future, it may do so with the approval of the United States Securities and Exchange Commission (SEC).

Notably, Hashdex submitted the 19b-4 application for this dual-asset ETF shortly after withdrawing its standalone Ethereum ETF filing, emphasizing the firm’s commitment to managing and controlling the proposed fund, while Tidal ETF Services LLC will oversee its administration.

Following just two weeks of submission, the SEC acknowledged receipt of the Hashdex Nasdaq Crypto Index US ETF filing, initiating a public comment period on the proposed rule change.

As with all other crypto ETF application that the United States has seen recently, the S-1 filing from Hashdex is expected.

This suggest that the asset manager is making progress with the Commission.

BTC and ETH USDT-margined perpetual futures contract with a leverage of up to 500x is available on BTCC, you can directly click the button below to trade Bitcoin (BTC) or Ethereum (ETH)⇓

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Ethereum ETFs and More Crypto ETFs

The S-1 filing arrives on the heels of the successful launch of spot Ethereum ETFs, which garnered significant market attention on their debut, recording over $1 billion in trading volume and net inflows of $107 million.

This year has been auspicious for crypto ETFs, with Hashdex emerging as a prominent player, recently securing approval to list spot Bitcoin ETFs. As one of the firms at the forefront of this growing industry, Hashdex’s proficiency and progress indicate a promising future for crypto ETFs.

Moving forward, the crypto industry expects more crypto ETFs including Solana and XRP to bag approval.

BTC and ETH USDT-margined perpetual futures contract with a leverage of up to 500x is available on BTCC, you can directly click the button below to trade Bitcoin (BTC) or Ethereum (ETH)⇓

Where & How To Buy Ethereum (ETH)?

BTCC offers Ethereum (ETH) Perpetual Futures with leverage up to 500×, you can trade Ethereum (ETH) Perpetual Futures Contract on BTCC at the most competitive price and highest security.

The following sets forth the guidance for trading Ethereum (ETH) Perpetual Futures Contract on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find the Ethereum (ETH) trading pair.

You can also click the button below to directly enter the Ethereum (ETH) trading page⇓

Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.

Market Order: users place orders at the best price in the current market to achieve fast trading.
Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and the Ethereum (ETH) futures contract order is completed.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.