Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

16/09/2025

CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

16/09/2025

September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

16/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ether could see the ‘biggest bear trap’ this month: Analysts

    15/09/2025

    Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

    15/09/2025

    can $4,300 support prevent a deeper correction?

    15/09/2025

    Analyst Reveals Ethereum (ETH) Expectations for September and October! “The Biggest Bear Trap Could Be Coming!”

    15/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Crypto.com Launches Champions Collection With UEFA Experiences and Final Tickets Up for Grabs

    12/09/2025

    Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

    16/09/2025

    CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

    16/09/2025

    September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

    16/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025
  • Blockchain

    Google Gets $35 Billion Offer for Chrome as AI Browser Fight Escalates

    15/09/2025

    Unlocking a Revolutionary Era for On-Chain Finance

    14/09/2025

    Latin American devs favor Ethereum and Polygon over new chains: Report

    14/09/2025

    GrowHub Signs ESG Blockchain Agreement With Republic of Srpska

    14/09/2025

    Bluwhale AI Taps MelosBoom to Redefine Web3 Musicverse with DePIN and AI

    14/09/2025
  • DeFi

    It Claimed to Have $12 Billion

    14/09/2025

    Thetanuts Finance Partners with Odette to Debut V4 and RFQ Engine on Base

    14/09/2025

    3 Reasons The Growth Of DeFi Is Lagging Among Institutions

    14/09/2025

    dForce Moves to Integrate AnchorX Yuan-Pegged $AxCNH Stablecoin

    14/09/2025

    Unlocking Massive Value with a Revolutionary Protocol

    13/09/2025
  • Metaverse

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025
  • Regulation

    Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

    16/09/2025

    CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

    16/09/2025

    September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

    16/09/2025

    Tokenized equities could reach $1.3 trillion but regulators claim ticking bomb

    16/09/2025

    Asia’s Stablecoin Competition Sparked by US GENIUS Act

    15/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

    15/09/2025

    Binance Warns Crypto Projects Against Listing Scams: Details

    15/09/2025

    Revolut Secures UAE Nod for Payments Business, Eyes Regional Expansion

    15/09/2025

    Prediction Market PredictIt Launches in October—Here’s What to Expect

    15/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Undeads Games TVL Reached $30M+

    12/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    Ethiopia is Turning Hydropower Into Bitcoin Mining

    13/09/2025

    Impressive 375 BTC Mined in August

    13/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025

    China Imposes New Cryptocurrency Bans! Here Are the Details…

    15/09/2025

    Input Output Joins CryptoUK to Help Shape UK’s Digital Asset Future

    15/09/2025

    CFTC Nominee Brian Quintenz tells all in Winklevoss twins fight

    15/09/2025

    Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

    16/09/2025

    CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

    16/09/2025

    September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

    16/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025
  • MarketCap
NBTC News
Home»Ethereum»Why The NASDAQ’s Latest Move Is Important For Fund Managers Filing Ethereum ETFs
Ethereum

Why The NASDAQ’s Latest Move Is Important For Fund Managers Filing Ethereum ETFs

NBTCBy NBTC13/09/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Traditional financial institutions that have filed crypto ETF applications have focused on a particular market (spot or futures). However, a recent NASDAQ application suggests that the asset manager Hashdex is taking a different approach, which could be a game changer in the Ethereum ETF race. 

NASDAQ Proposes To List Ethereum ETF

According to the application filed with the US Securities and Exchange Commission (SEC), the stock exchange plans to list and trade shares of the Hashdex Nasdaq Ethereum ETF, which will be managed and controlled by Toroso Investments LLC.

Interestingly, the fund will hold both Ether futures contracts and Spot Ether. This move from asset manager Hashdex is novel, considering that other asset managers have either applied to offer a Spot Ether ETF or Ether futures ETF or filed applications to offer both separately. However, Hashdex wants to offer a fund holding both Ether futures contracts and a Spot Ethereum ETF.

The fund’s sponsors believe that combining Ether Futures Contracts and Spot Ether will help mitigate the risk of market manipulation (a major concern of the SEC) and provide the market with a “regulated product” that tracks Ethereum’s price. This fund will help US investors gain exposure to Spot Ether without relying on “unregulated products, offshore regulated products, or indirect strategies such as investing in publicly traded companies that hold Ether.”

In fulfillment of the requirement of having a surveillance-sharing agreement (SSA) for the proposed ETF, Nasdaq stated in the application that the Chicago Mercantile Exchange (CME) will be used to track the price of Ethereum as the CME represents a “regulated market of significant size.”

Furthermore, the fund is expected to hold physical Ether. However, the sponsors do not intend to purchase these tokens from “unregulated ether spot exchanges” but from the CME Market’s Exchange for Physical (EFP) transactions.

This move is similar to Hashdex’s application to combine a spot Bitcoin ETF with its existing Bitcoin futures ETF. Hashdex, in its application, stated that the CME will be used to track Spot Bitcoin’s price and that all Bitcoin purchases will be from the CME’s EFP.

ETH kicks off Wednesday on a volatile note | Source: ETHUSD on Tradingview.com

Hashdex Throwing Other Asset Managers Under The Bus?

Nasdaq’s application mentions the phrase “unregulated spot exchanges” multiple times in what seems to be a direct attack on Coinbase and the applications of other asset managers. It is worth mentioning some of the other asset managers, including Ark Invest, who have filed to offer an Ethereum-related ETF, have chosen Coinbase as their custodian.

As such, Hashdex labeling Coinbase as an “unregulated spot exchange” doesn’t seem right, as this could undoubtedly influence the SEC’s decision when dealing with these applications.

Furthermore, asset managers like BlackRock picking Coinbase for their SSA and custodian had already sparked controversy as many had stated that the SEC would not be so inclined to approve an application in which Coinbase is directly or indirectly involved since it has an ongoing lawsuit against the crypto exchange.

While many may commend Hashdex’s “innovative approach,” there is a need to be wary of how this approach could hinder the application of others and the eventual effect on the crypto industry in general.   

Featured image from iStock, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Ether could see the ‘biggest bear trap’ this month: Analysts

15/09/2025

Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

15/09/2025

can $4,300 support prevent a deeper correction?

15/09/2025

Analyst Reveals Ethereum (ETH) Expectations for September and October! “The Biggest Bear Trap Could Be Coming!”

15/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

16/09/2025

CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

16/09/2025

September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

16/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.