Hashdex Names BitGo As Bitcoin Custodian, Changes Name To Hashdex Bitcoin ETF
Latest News News

Hashdex Names BitGo As Bitcoin Custodian, Changes Name To Hashdex Bitcoin ETF

Hashdex, would-be bitcoin exchange-traded fund (ETF) issuer, changed its paperwork on Friday, naming BitGo as its bitcoin custodian.

Hashdex also changed the name of its Bitcoin Futures ETF to the Hashdex Bitcoin ETF as it – and other companies – continue to hope for an approval for the U.S.’s first spot bitcoin ETF early in the new year.

See Also: SEC Postpones Decision On Hashdex Bitcoin ETF

Hashdex has come to an agreement with crypto custodian BitGo, according to an amended S-1 filing, a rare outlier among the over a dozen applicants. 

The vast majority have signed agreements with crypto exchange Coinbase, while Fidelity intends to self-custody and VanEck tapped Gemini, another exchange.

The update comes a day after the SEC met with representatives from a number of other applicants.

Representatives from BlackRock, Valkyrie, Fidelity, Grayscale and Ark all spoke to officials with the SEC on Thursday, according to filings. 

The regulators set a Dec. 29 deadline for final amendments to the applications, Reuters reported.

Hopes that a spot bitcoin ETF will be given the regulatory green light in the near future have risen in recent weeks. 

A number of applicants have met with the SEC and filed various amendments to their applications, specifying that they will issue their ETFs with cash creation (if approved) rather than in-kind and addressing other minor details, suggesting the SEC is open to an approval.

See Also: BitGo and Copper Combine Crypto Custody Settlement Networks

Jan. 10, 2024 is the final deadline for the Ark 21Shares filing. Any approval or rejection from the SEC will have to come by that date, though Reuters reported that a decision may come as early as the first few days of the new year.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.