- Hashdex, in its updated application, has specified digital asset trust and security company BitGo as the custodian.
- Hashdex and many other spot Bitcoin ETF applicants hope to receive approval for the first U.S. spot Bitcoin ETF in early next year.
- The update from Hashdex came after a meeting between some company representatives applying for the spot Bitcoin ETF and the U.S. Securities and Exchange Commission (SEC).
Hashdex, which has applied for Spot Bitcoin ETF, announced the company it has signed an agreement with as custodian in its last update: Details!
Hashdex, Spot ETF Custodian Assigned
Hashdex, a crypto asset management company applying for a spot Bitcoin ETF, specified digital asset trust and security company BitGo as the custodian in its updated application. According to reports, Hashdex changed the name of its application from Bitcoin Futures ETF to Hashdex Bitcoin ETF in the updated version.
Hashdex, along with many other applicants for a spot Bitcoin ETF, hopes to receive approval for the first U.S. spot Bitcoin ETF in early next year. The updated version of the application has raised expectations among Hashdex followers and other crypto enthusiasts closely monitoring developments in the crypto industry.
The recent deal with BitGo stands out as a deviation among other spot Bitcoin ETF applicants; most have signed deals with Coinbase, a leading U.S. crypto exchange. Other applicants plan to perform self-custody, such as Fidelity, while VanEck prefers another leading crypto exchange, Gemini.
The Hashdex update followed a meeting between some company representatives applying for the spot Bitcoin ETF and the U.S. Securities and Exchange Commission (SEC). According to reports, the SEC set the final deadline for changes as December 29.
Expectations for SEC approval are growing
The set deadline by the SEC and other developments have increased hope among the crypto community, with many users believing that approval for a spot Bitcoin ETF will come early next year. In particular, the final deadline for the Ark 21Shares application is January 10, 2024. Therefore, approval or rejection from the SEC is expected to come by this date.
Approval of the spot Bitcoin ETF is one of the factors determining trends in the Bitcoin market in 2023. Rumors and expectations among crypto users regarding approval have positively impacted the prices of the leading cryptocurrency and other altcoins. As we enter the new year, crypto users expect the decision by the SEC to have a significant impact on the crypto market, whether positive or negative.
