Hashdex submits new S-1 for Bitcoin ETF attempting cash-only applications

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Hashdex has not too long ago filed a brand new S-1 for his or her Bitcoin ETF to make DEFI a cash-only create and redeem software pioneer.

Initially reported by James Seyffart, a Bloomberg Intelligence analyst, DEFI presently trades and goals so as to add spot Bitcoin publicity.

On the identical time, Seyffart additionally notes that particulars on the spot Bitcoin custodian stay undisclosed.

Seyffart expressed skepticism about approvals this 12 months, sustaining that approval may happen between Jan. 8 and 10.

Amid quite a few updates on the spot Bitcoin ETF entrance, it’s noteworthy that Eric Balchunas, a Senior ETF Analyst for Bloomberg, observes a aggressive dynamic between BlackRock and Grayscale, two gamers within the spot Bitcoin ETF race in scheduling SEC meetings, with BlackRock main 5-4. As a part of his publish on X, dated Dec. 20, he suggests this might probably foreshadow an upcoming battle by way of property and quantity a 12 months from now.

Regardless of the vacations approaching, it’s clear that these within the spot Bitcoin ETF race have proven no indicators of slowing down.

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