Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading LLC and Tidal Commodities Trust to collectively sponsor the ETF. The merger will result in organizational and administrative changes, including a shift in the trust entity responsible for issuing the Bitcoin ETF and a change in the ETF sponsor. Despite these changes, Hashdex intends to maintain its initial investment strategies and objectives without negatively impacting investors or imposing a burden on competitors. Meanwhile, the price of Bitcoin has been steadily increasing, reaching $39,000 recently, the highest since May 2022. This surge in price has been attributed to a speech by Jerome H. Powell, the Chair of the Federal Reserve, in which he raised hopes of stable Fed rate hikes. However, the cryptocurrency is currently trading at $38,765.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Jerome Powell |
| Companies | New York Stock Exchange (NYSE), Teucrium Trading, United States Securities and Exchange Commission (SEC), Tidal Commodities Trust, Hashdex |
| Currencies | Bitcoin |
| Securities | None |
