Hashdex, one of the first to announce the launch of a Bitcoin exchange-traded fund in the United States, said that the new product could appear in the second quarter of next year.

“The exact timing of the release of a Bitcoin ETF in the US remains unclear, but in 2023, discussions around the product have shifted from a question of ‘if’ to a question of ‘when,’” says Dramane Meite, head of product for Hashdex in the US and Europe.

The top manager believes that over the past year, digital assets have “left the atmosphere of mistrust and fear” and have again attracted the attention of investors.

“We believe that US investors will have access to Bitcoin ETFs by the second quarter of the new year. This will be followed by the release of an ether ETF,” says a company representative.

Hashdex is currently awaiting approval of its Bitcoin ETF application from the US Securities and Exchange Commission (SEC), along with 12 other applications from other companies. The company also submitted to the regulator a hybrid ether-ETF with futures and spot contracts.

Meanwhile, Bloomberg analyst James Seyffart announced that he knows the window for approving applications from US companies for spot Bitcoin ETFs. We are talking about dates between January 5 and January 10, 2024. The expert came to this conclusion after studying internal SEC documents.

The positive sentiment of traders associated with the possible approval of a spot Bitcoin ETF in the United States contributed to the growth of the rate of the first cryptocurrency. According to CoinMarketCap, the cost of the first cryptocurrency on the afternoon of Monday, December 4, reached $42,108.