As stated in the application, the new investment product will not invest in stablecoins, tokenized assets or cryptocurrency securities. At the same time, it will be possible to store cash in the fund.
If the document receives approval from the US Securities and Exchange Commission (SEC), Coinbase Custody Trust and BitGo Trust will act as custodians of the fund.
As noted by stock analyst James Seyffart, the language in the application suggests the possibility of adding other digital assets after approval. The expert recalled that Hashdex already has a cryptocurrency index ETF, which is traded in Brazil, and it consists of 90% Bitcoin and Ether.
Earlier, ConsenSys, the developer of the MetaMask wallet, announced that the US Securities and Exchange Commission (SEC) enforcement division had closed its investigation into the status of ether.
Source: Bits
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