{"id":537625,"date":"2024-06-19T14:40:13","date_gmt":"2024-06-19T14:40:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=537625"},"modified":"2024-06-19T14:40:13","modified_gmt":"2024-06-19T14:40:13","slug":"bitcoin-price-prediction-as-hashdex-files-with-the-sec-for-a-combined-spot-btc-and-ethereum-etf-and-the-99btc-ico-zooms-towards-3m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-hashdex-files-with-the-sec-for-a-combined-spot-btc-and-ethereum-etf-and-the-99btc-ico-zooms-towards-3m","title":{"rendered":"Bitcoin Price Prediction As HashDex Files With The SEC For A Combined Spot BTC And Ethereum ETF And The 99BTC ICO Zooms Towards $3M"},"content":{"rendered":"

The Bitcoin price dropped a fraction of a percent in the last 24 hours <\/span>to trade at $65,720<\/span><\/a> as of 04:01 a.m. EST on trading volume that dropped 5% to $34 billion.<\/span><\/p>\n

This comes as asset manager Hashdex recently proposed a combined spot Bitcoin and Ethereum ETF (exchange-traded fund) to the US Securities and Exchange Commission. The Hashdex Nasdaq Crypto Index U.S. ETF is aimed at providing investors with direct exposure to the two leading cryptocurrencies, Bitcoin and Ethereum.<\/span><\/p>\n

Hashdex is set to use Coinbase and BitGo to secure custody of its Bitcoin and Ethereum holdings. The SEC has 90 days to review the proposal, with a final decision expected by March 2025.<\/span><\/p>\n

James Seyffart, an ETF analyst at Bloomberg Intelligence, notes that the ETF has the potential to include other digital assets as they are approved by the SEC.<\/span><\/p>\n

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@hashdex<\/a> already has a crypto index ETF that's traded down in Brazil. These are the assets it currently holds and their weights in the fund. 90% is Bitcoin and Ethereum. pic.twitter.com\/5yRCDsfUs0<\/a><\/p>\n

— James Seyffart (@JSeyff) June 18, 2024<\/a><\/p><\/blockquote>\n