SEC Delays its Decision on Hashdex’s Bitcoin and Ether ETF

The US Securities and Exchange Commission has postponed its decision on whether to approve or reject Hashdex’s application for an exchange-traded fund that would directly hold Bitcoin and Ether.

In a filing on Friday, the SEC stated that it needed more time to consider the proposal and the related issues and therefore, has extended the deadline for making a decision until September 30, 2024.

The ETF, known as the Hashdex Nasdaq Crypto Index US ETF, was initially filed with the SEC on July 24 and would have the ability to invest in other assets in the future, depending on how government regulations for cryptocurrencies develop.