The Securities and Exchange Commission (SEC) has decided to delay making a decision on the Hashdex Bitcoin and Ethereum exchange-traded fund (ETF). The ETF, which combines both Bitcoin and Ethereum, was proposed by investment firm Hashdex.
The SEC has not given a specific reason for the delay, but it is not uncommon for regulatory agencies to take their time when considering new investment products. The decision to delay does not necessarily mean that the ETF will be rejected, but it does mean that investors will have to wait longer for a definitive answer.
ETFs are a popular way for investors to gain exposure to cryptocurrencies without actually owning them. They trade on traditional stock exchanges and are subject to the same regulations as other investment products.
Hashdex’s combined Bitcoin and Ethereum ETF would allow investors to diversify their cryptocurrency holdings and potentially reduce risk. However, until the SEC makes a decision, investors will have to wait to see if this new ETF will be approved.