The Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Hashdex Nasdaq Ethereum exchange-traded fund (ETF) until May 30, 2024. This ETH ETF, which will be offered to investors if approved, will represent an investment product with access to both ongoing ether prices and futures.
This postponement will provide the SEC the chance to review the proposed rule change, taking into account all the concerns, and provide the solution in time. It underlines that the authority wants to observe how crypto-related products function within the financial system and what place they will be given in the future.
Nasdaq made an application for the Hashdex Nasdaq Ethereum ETF in September, with Toroso Investment Management acting as the fund’s manager. Toroso Investments is accounted for as a Commodity Pool Operator by the Commodity Futures Trading Commission and a member of the National Futures Association.
The SEC’s decision has been rekindled many times, thus
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