Hashdex files modified S-1 for US crypto index ETFs

• Hashdex has filed an amended S-1 filing for a spot crypto index ETF.
• The crypto ETF will initially only include BTC and ETH, but may include other assets over time.
• Other asset managers, including Franklin Templeton, are also seeking approval for a crypto index ETF.

Asset manager Hashdex filed an amended S-1 with the Securities & Exchange Commission (SEC) on Tuesday for its crypto exchange-traded funds (ETFs), following the regulator’s request for more time to decide on the product.

Hashdex updates its crypto index ETF file

Crypto asset manager Hashdex has filed an amended S-1 for its crypto-index ETF, which will directly hold Bitcoin and Ethereum.

The filing of an amended S-1 implies that an asset manager has updated its original registration statement with the SEC to include new or revised information. This may involve changes to its fee structures, market maker identities or other details required for regulatory compliance before the ETF can trade publicly.

The amended registration statement relates to the Hashdex Nasdaq Crypto Index ETF, which the asset manager originally filed in July.

Following the filing, regulators requested more time on its decision to act on the one-stop-shop cryptocurrency portfolio, which, if approved, would be the first of its kind in the US.

The crypto ETF will initially comprise Bitcoin and Ethereum, with the potential to add more cryptocurrencies over time. The Hashdex Nasdaq Crypto Index US ETF will be listed and traded on Nasdaq using the Nasdaq Crypto Index US methodology.

In addition to Hashdex’s crypto filing, asset manager Franklin Templeton is also awaiting approval for the Franklin Crypto Index ETF, designed to offer investors an all-in-one digital asset portfolio.

The ETF, filed in August, will track the performance of the CF Institutional Digital Asset Index, which currently comprises only Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies.