TechFlow reported, Bloomberg ETF analyst James Seyffart tweeted that crypto asset management firm Hashdex has applied to hold spot bitcoin in its bitcoin futures ETF, and if approved, will change the ETF's name accordingly.
The application does not rely on Coinbase's Supervisory Sharing Agreement (SSA). Hashdex aims to use CME Market's Exchange for Physical (EFP) mechanism to exchange part of its futures contracts for equivalent spot BTC positions, rather than purchasing BTC directly in cash from exchanges.
Add to Favorites
Share to Social Media
