SEC Postpones Decision On Hashdex Bitcoin ETF
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SEC Postpones Decision On Hashdex Bitcoin ETF

  • The United States Securities and Exchange Commission (SEC) has postponed the Hashdex Bitcoin ETF decision.

Hashdex Bitcoin ETF application to convert its ETF listed on the New York Stock Exchange (NYSE) into a Spot ETF has been postponed by the SEC.

SEC Has Postponed Another Bitcoin ETF Decision

The new date for ETF approval was January 1, 2024, according to regulatory documents. Interestingly, the regulator has deferred a large number of ETFs in the last few months.

Read Also: SEC Delays Verdict On Franklin and Globe X’s Bitcoin ETF Applications

Hashdex filed in September to convert its ETF listed on the New York Stock Exchange (NYSE) into a Spot ETF. This move was quite different from other filings because it used a new approach to managing the ETF’s assets.

It is important to note here that Hashdex includes multiple assets including Bitcoin Futures Contracts, Spot Bitcoin, and cash.

The SEC filed a filing on November 15 confirming the delay in Hashdex’s application. The regulator said it would extend the review period for another 45 days, adding that it needed more time to comprehensively evaluate the proposed rule change and address issues that arose during the evaluation process.

Read Also: SEC Delays Hashdex Nasdaq Ethereum ETF Application To Next Year

Today, the SEC postponed Franklin Templeton’s spot Bitcoin ETF decision.

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