BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

SEC Postpones Verdict on Hashdex Ethereum ETF to 2024

by BlockNews.com Team
November 17, 2023
in BREAKING NEWS, CRYPTO, INVESTING
Reading Time: 2 mins read
A A
1
SHARES
13
VIEWS
Share on XShare in TelegramShare on Reddit
  • The SEC has delayed its decision on approving the Hashdex Nasdaq Ethereum ETF, which aims to hold a mix of spot ether and futures contracts.
  • The SEC has approved ether futures ETFs before but not a spot ether ETF. Firms like Grayscale have recently applied for spot ether ETFs as bitcoin ETF applications wait.
  • The SEC said it needs more time and will make a decision by January 1, 2024 on whether to approve, disapprove, or institute proceedings to disapprove the Hashdex ETF.

The Securities and Exchange Commission (SEC) has delayed its decision on whether to approve the Hashdex Nasdaq Ethereum ETF. The ETF aims to hold both spot ether and futures contracts.

Background on the ETF Application

The Nasdaq stock exchange filed with the SEC to list the Hashdex Nasdaq Ethereum ETF back in September. The fund is managed by Toroso Investments.

Instead of holding 100% spot ether, which could make it more susceptible to price manipulation, the fund will hold a mix of spot ether, ether futures contracts, and cash, Nasdaq said.

🚨 NEWS: 🇺🇸 SEC delays decision on Hashdex Nasdaq Ethereum ETF until January 2024.

This decision also affects a Hashdex #Bitcoin futures ETF application. pic.twitter.com/SIxapEYMBd

— BlockNews.com (@blocknewsdotcom) November 17, 2023

The SEC’s History with Ether ETFs

The SEC has approved ether futures-based ETFs before, but not a spot ether ETF or a mixed one. Last month, nine futures-based products were approved at the same time, marking their debut.

Firms have recently made a push for spot ether ETFs, including Grayscale and BlackRock filing applications. This comes as multiple firms wait to see if a spot bitcoin ETF will be approved by the SEC.

The SEC’s Decision

The SEC said it needed more time to review the proposed rule change for the Hashdex ETF. It will make a decision by January 1, 2024 on whether to approve, disapprove, or institute proceedings to disapprove the ETF.

On Thursday, the agency also delayed a decision on converting a Hashdex bitcoin futures ETF application.

Tags: ethereumHashdexsec
TweetShareShare
Previous Post

Mastercard CFO Questions Consumer Readiness for CBDCs Despite Company’s Active Role

Next Post

Institutional Investors Favor Bitcoin ETFs Over Ethereum ETFs

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.