Spot Bitcoin ETF Expected in the Second Quarter of 2024: Hashdex

Hashdex stands out as a cryptocurrency asset manager operating in the United States and Europe. The company’s product head for the U.S. and Europe finds the approval date for the spot Bitcoin ETF uncertain but anticipates it coming into operation in the second quarter of 2024.

Hashdex’s product executive for the United States and Europe made some statements about spot ETF applications. Cryptocurrency asset management company Hashdex is one of the 13 firms that applied for a spot ETF with the SEC, and it expects a Bitcoin-based exchange-traded fund (ETF) to be operational in the United States in the second quarter of 2024.

Some experts, such as Bloomberg analyst Eric Balchunas, anticipate the approval of ETFs in early January 2024.

The product head of Hashdex in the United States and Europe stated that the exact timing of the spot Bitcoin ETF is uncertain but expressed their anticipation that the product will commence in the second quarter of 2024.

“We believe U.S. investors will have access to a spot Bitcoin ETF by the second quarter of the new year and that a spot Ether ETF is likely to follow.”

The president stated that they believe U.S. investors will have access to the spot Bitcoin ETF as of the second quarter of the new year, followed by the arrival of a spot Ether ETF.

Hashdex stands out as one of the 13 asset managers applying for a spot Bitcoin ETF. Additionally, the company has presented a hybrid Ether ETF proposal to regulators, encompassing futures contracts and spot agreements.

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