Crypto asset administration agency Hashdex has filed an up to date Bitcoin futures ETF software with the U.S. Securities and Exchange Commission (SEC). Meanwhile, the window for potential approval of spot Bitcoin ETF looms within the early weeks of January because the SEC revealed Franklin Templeton and Hashdex functions to the Federal Register.
Hashdex Updates Spot Bitcoin ETF Application
Hashdex has submitted an modification to their 19b-4 submitting for Bitcoin futures ETF, based on an NYSE Arca filing to the U.S. Securities and Exchange Commission (SEC).
Bloomberg ETF analyst James Seyffart mentioned the replace is a “proposal to make changes to certain representations made in the proposed rule change previously filed with the Securities and Exchange Commission.”
The submitting has made it official that Hashdex’s ETF isn’t below Teucrium ETFs anymore. The ETF will now come below Tidal Financial Group as per the merger of Teucrium Trust and the Tidal Trust in October.
Hashdex CEO Marcelo Sampaio lately mentioned:
“The process we’re overcoming now in the U.S. around the bitcoin spot ETF filings and potential approvals we have gone through in Brazil almost three years ago.”
Meanwhile, Hashdex, which additionally has a spot Bitcoin ETF submitting with the SEC, has its spot Bitcoin ETF revealed within the Federal Register by the US SEC. The rebuttal feedback submission deadline is January 5.
The SEC will possible approve the United States’ first spot Bitcoin ETF between January 5-10, 2024. The ARK Invest and 21Shares spot Bitcoin ETF is first in line for approval on January 10.
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Bitcoin Price Hit $39,000
Bitcoin (BTC) registered a brand new excessive of $39,000 as Federal Reserve Chairman Jerome Powell hinted that there gained’t be any future fee hikes. In addition, Matrixport report additionally means that the Bitcoin price can hit $60,000 earlier than the subsequent Bitcoin halving in April 2024.
BTC price jumped 3% up to now 24 hours, with the value at present buying and selling at $38,744. The 24-hour high and low are $38,085 and $38,954, respectively. Furthermore, the buying and selling quantity has elevated barely within the final 24 hours, indicating curiosity amongst merchants.
Also Read: US SEC Faces Threat Of Court Sanctions Over Handling Of Crypto Firm
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