Crypto asset management firm Hashdex has filed an updated Bitcoin futures ETF application with the U.S. Securities and Exchange Commission (SEC). Meanwhile, the window for potential approval of spot Bitcoin ETF looms in the early weeks of January as the SEC published Franklin Templeton and Hashdex applications to the Federal Register.

Hashdex Updates Spot Bitcoin ETF Application

Hashdex has submitted an amendment to their 19b-4 filing for Bitcoin futures ETF, according to an NYSE Arca filing to the U.S. Securities and Exchange Commission (SEC).

Bloomberg ETF analyst James Seyffart said the update is a “proposal to make changes to certain representations made in the proposed rule change previously filed with the Securities and Exchange Commission.”

The filing has made it official that Hashdex’s ETF is not under Teucrium ETFs anymore. The ETF will now come under Tidal Financial Group as per the merger of Teucrium Trust and the Tidal Trust in October.

Hashdex CEO Marcelo Sampaio recently said:

“The process we’re overcoming now in the U.S. around the bitcoin spot ETF filings and potential approvals we have gone through in Brazil almost three years ago.”

Meanwhile, Hashdex, which also has a spot Bitcoin ETF filing with the SEC, has its spot Bitcoin ETF published in the Federal Register by the US SEC. The rebuttal comments submission deadline is January 5.

The SEC will likely approve the United States’ first spot Bitcoin ETF between January 5-10, 2024. The ARK Invest and 21Shares spot Bitcoin ETF is first in line for approval on January 10.

Also Read: Binance Burns 4 Billion Terra Luna Classic (LUNC) Tokens

Bitcoin Price Hit $39,000

Bitcoin (BTC) registered a new high of $39,000 as Federal Reserve Chairman Jerome Powell hinted that there won’t be any future rate hikes. In addition, Matrixport report also suggests that the Bitcoin price can hit $60,000 before the next Bitcoin halving in April 2024.

BTC price jumped 3% in the past 24 hours, with the price currently trading at $38,744. The 24-hour low and high are $38,085 and $38,954, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours, indicating interest among traders.

Also Read: US SEC Faces Threat Of Court Sanctions Over Handling Of Crypto Firm

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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