TechFlow news, according to Cointelegraph, U.S. regulators said in a regulatory filing on August 9 that they need more time to decide whether to approve the listing of an exchange-traded fund (ETF) designed as a one-stop cryptocurrency portfolio on the Nasdaq electronic securities exchange. This decision responds to Nasdaq's June application for listing.
If approved, the ETF would become the first diversified spot cryptocurrency ETF in the U.S. market and the first U.S. ETF to include alternative cryptocurrencies ("altcoins"). The ETF aims to track the Nasdaq Crypto US Index (NCIUS), an index comprising a diversified, market-cap-weighted basket of cryptocurrencies.
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