The cryptocurrency asset management company Hashdex has submitted a joint application for a Bitcoin and Ethereum ETF spot to the US Securities and Exchange Commission (SEC).
Bloomberg ETF analyst James Seyfarth commented on similar ETFs, saying “This makes sense.” Seyfarth emphasized that the deadline for SEC approval of the filing is around March 2025.
Update: A dual Ethereum and #Bitcoin ETF filing from @hashdex just dropped. It will be market-weighted. No one should be surprised – this makes sense. The final deadline for SEC approval should be around the first week of March 2025. pic.twitter.com/5wB7ucvbgM -James Seyffart (@JSeyff) June 18, 2024
The analyst also revealed that the filing involves two custody institutions – Coinbase and BitGo. It is worth mentioning that the market is still awaiting approval for the S-1 application for the official launch and full operation of the Ethereum ETF.
Read more: 
Former Coinbase executives say cryptocurrency will be the backbone of artificial intelligence.
Some experts anticipate that the ETH ETF will start trading around February XNUMX, but there is currently no official announcement indicating a specific timeline. 