Hashdex, a digital asset management firm, has filed a spot Bitcoin ETF application with the United States Securities and Exchange Commission. The firm is looking to hold spot Bitcoin in its Bitcoin futures ETF, rebranding its DEFI ETF on the New York Stock Exchange (NYSE) to now Hashdex Bitcoin ETF.Hashdex has decided to not pursue a Coinbase surveillance sharing agreement (SSA), as they believe there is “no evidence that this addresses the SEC concerns.” Instead, the asset manager would be relying on the CME’s Exchange for Physical (EFP) transactions to fortify its Bitcoin spot ETF arrangement. This unique ETF application has received lots of applause, with Nate Geraci, President of the ETF Store, describing it as a “brilliant move.”Hashdex joins a host of several asset managers looking to launch the first-ever spot Bitcoin ETF in the US, including BlackRock, Invesco, Bitwise, Valkyrie, Fidelity, WisdomTree, ARK Invest, etc. Mike Novogratz has stated that inside sources at Blackrock and Invesco believe a spot Bitcoin ETF approval by the SEC is merely a matter of time ranging from four to six months. However, the former SEC chief of Internet Enforcement, John Stark Reed, has presented a negative outlook on this saga, saying the chances for a spot in Bitcoin ETF are “slim and none” and the crypto space is “totally rigged.”The general crypto market has experienced a slight boost of 0.13% in the last week, moving the total crypto cap to $1.03 trillion, according to data from Tradingview.

Information	Details
Geography	North America
Countries	🇺🇸 🇧🇷 🇬🇧
Sentiment	neutral
Relevance Score	9
People	Nate Geraci, Alistair Milne, Mike Novogratz, John Stark Reed.
Companies	BlackRock, Invesco, Bitwise, Valkyrie, Fidelity, WisdomTree, ARK Invest, Chicago Mercantile Exchange (CME), United States Securities and Exchange Commission (SEC), Coinbase, New York Stock Exchange (NYSE), ETF Store, Altana Digital Currency Fund
Currencies	Bitcoin, Ethereum, USD, CME, NYSE
Securities	None