Hashdex discusses with SEC an application for a spotal eTF for bitcoin – Bits Media

Representatives of the HashDex management management assets met with the US Securities and Exchange Commission (SEC), to discuss an application for a spoty ETF for bitcoin.

The meeting took place 13 October. It was attended by six SEC officials, as well as representatives of hashdex, Nyse ark, Tidal Financial Group and Law Firm K&L Gates. According to Cointelegraph, citing a source, Familiar with the situation, The regulator expressed its fears about the permission of the Hashdex Bitcoin Futures Foundation Store bitcoins.

Hashdex documentation differs from other applications, Since the company does not have an agreement on cooperation with Coinbase cryptocurrency exchange. Instead, Hashdex offers to purchase BTC on physical exchanges, which cooperate with the Chicago Modern Exchange (CME). This can do ETF on bitcoin completely dependent on CME prices.

According to the Cointelegraph source, As the next step, the SEC can request additional information before 17 November.

Meanwhile, JPMorgan banking group analysts believe, that the SEC will conduct a large -scale approval of applications for spotal ETF Bitcoin over the next two months.