Cryptocurrency Q&A
Will hashdex convert NYSE Arca exchange-listed $3mn bitcoin futures ETF into a spot ETF?
Will hashdex convert NYSE Arca exchange-listed $3mn bitcoin futures ETF into a spot ETF?
Tommaso
Sun Sep 08 2024
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I'm curious to know if Hashdex has any plans to convert their NYSE Arca exchange-listed $3mn Bitcoin futures ETF into a spot ETF. As an investor in cryptocurrencies, I'm always looking for ways to diversify my portfolio and maximize returns. Given the popularity and potential of spot ETFs, I'm wondering if Hashdex is considering making this transition. I understand that the process of converting a futures ETF to a spot ETF can be complex and involves a number of regulatory considerations, but I'm eager to hear what Hashdex's plans are in this regard.
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7 answers
CryptoMystic
Tue Sep 10 2024
Hashdex, the company behind the ETF, specializes in digital asset investment products and has a strong reputation in the cryptocurrency space.
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Maria
Tue Sep 10 2024
The New York Stock Exchange (NYSE) has submitted a filing with the Securities and Exchange Commission (SEC) regarding a potential conversion of the Hashdex Bitcoin futures ETF (DEFI) listed on the NYSE Arca exchange.
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GliderPulse
Tue Sep 10 2024
The existing ETF, which has a market value of $3 million, currently tracks Bitcoin futures contracts rather than the actual price of Bitcoin.
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Stefano
Tue Sep 10 2024
The proposed conversion would see the ETF transition from a futures-based product to a spot-based one, tracking the spot price of Bitcoin directly.
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AmethystEcho
Mon Sep 09 2024
The move by the NYSE to file the proposal with the SEC signals a growing interest in the cryptocurrency market and its potential for mainstream adoption.
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