Asset management firm Hashdex has filed the S-1 for its combined spot Bitcoin and Ethereum ETF products, marking a significant step forward in its efforts.
This comes just weeks after initially submitting the official filing for the fund.
The combined spot Bitcoin and Ethereum ETF will hold both assets on an adjusted basis to maintain a balanced portfolio, according to the filing.
This move coincides with the recent launch of spot Ethereum ETFs, which started trading on Tuesday.
This year has been favorable for crypto ETFs, with Hashdex emerging as a significant beneficiary.
The firm received approval to list a spot Bitcoin ETF in January, an experience it aims to leverage for this new product. After submitting the filing in June, the US SEC acknowledged Hashdex’s combined ETF earlier this month.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
Bitcoin’s breakout to a new all-time high above $118,000 has reignited momentum across the crypto market. While BTC itself saw nice gains several altcoins are riding the wave of renewed investor interest.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.
Bitcoin’s surge to new all-time highs is playing out differently than previous rallies, according to a July 11 report by crypto research and investment firm Matrixport.