JAKARTA - Hashdex, a leading crypto asset management company, has applied to launch an Exchange-Trad Fund (ETF). This ETF is not only unique because it is supported by Bitcoin and Ethereum's spot holdings of two crypto assets with the largest market cap, but also marks a new era in the diversification of investment portfolios.
Found in the 19b-4 form of the Nasdaq stock exchange, this application was submitted to the United States Securities and Exchange Commission (SEC) in the hope of listing shares of Hashdex Nasdaq Crypto Index US ETF. With the composition of assets consisting of Bitcoin and Ether, this ETF promises a stable and measurable approach in crypto investments.
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Allocation Strategy And ETF Composition
According to CryptoPotato information, the heavy allocation of these ETFs will be adjusted based on market capitalization of the two crypto assets. Referring to crypto prices as of May 27, this allocation will reflect 70.54% for Bitcoin and 29.46% for Ethereum. With this strategy, the ETF does not aim to seek multiple performance or vice versa from the Trust index, but focuses on achieving stable results without staking over Ethereum held by funds.
The ETF's approval of Bitcoin and Ethereum has opened up opportunities for investors to consider other crypto assets. Although Hashdex says it will not invest in other crypto spot assets other than Bitcoin and Ether, the language in the filing provides space for the addition of other crypto assets if they get approval as a commodity by regulators.
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