Hashdex applies to hold spot bitcoins in its Bitcoin futures ETF.
2023-08-26 00:11
Odaily News - According to James Seyffart, an ETF analyst at Bloomberg, cryptocurrency asset management company Hashdex has applied to hold spot BTC in its Bitcoin Futures ETF DEFI on the X platform (formerly Twitter). If approved, the ETF's name will be changed.
It is worth noting that this application does not rely on Coinbase's Supervised Share Agreement (SSA). Hashdex hopes to exchange a portion of its futures contracts for equivalent spot BTC positions through the Exchange for Physical (EFP) mechanism on the CME Market, rather than purchasing BTC directly from the exchange with cash.
In previous news, in September 2022, Hashdex announced the launch of the Hashdex Bitcoin Futures ETF (DEFI), which is listed on NYSE Arca.
It is worth noting that this application does not rely on Coinbase's Supervised Share Agreement (SSA). Hashdex hopes to exchange a portion of its futures contracts for equivalent spot BTC positions through the Exchange for Physical (EFP) mechanism on the CME Market, rather than purchasing BTC directly from the exchange with cash.
In previous news, in September 2022, Hashdex announced the launch of the Hashdex Bitcoin Futures ETF (DEFI), which is listed on NYSE Arca.
