TechFlow, citing Bloomberg analyst James Seyffart's tweet, reports that the U.S. SEC has delayed its decision on Hashdex's application to hold spot bitcoin within its bitcoin futures ETF. In August, Hashdex applied to hold spot bitcoin in their bitcoin futures ETF without relying on Coinbase's Surveillance Sharing Agreement (SSA). Hashdex aims to use CME Market's Exchange for Physical (EFP) mechanism to exchange a portion of futures contracts for equivalent spot bitcoin positions, rather than purchasing bitcoin directly with cash from exchanges.
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