Nasdaq has filed a request with the Securities and Exchange Commission (SEC) to list an Ethereum ETF in partnership with Brazilian asset manager Hashdex. The proposed Hashdex Nasdaq Ethereum ETF will be managed by Toroso Investments and will hold both spot ether and futures contracts. This move is in response to the SEC’s approval of futures contracts while rejecting spot products. The fund aims to mitigate potential manipulation concerns by diversifying its holdings across spot ether, ether futures contracts, and cash. Additionally, Ark Invest and 21Shares have applied for an Ethereum ETF, which would be the first US ETF backed by Ethereum.
AI Sentiment: Positive
