29 Jul 2025
💰Nasdaq Proposes In-Kind Transfers for Hashdex Crypto ETF
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Amend the Hashdex Nasdaq Crypto Index US ETF To Allow for In-Kind Transfers Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has published a notice on a proposed rule change by Nasdaq to amend the Hashdex Nasdaq Crypto Index US ETF. This change will allow for in-kind transfers of bitcoin and ether, thereby enhancing the ETF's operational efficiency and potentially benefiting market participants by streamlining transactions involving digital assets.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows the Hashdex Nasdaq Crypto Index US ETF to facilitate in-kind transfers of bitcoin and ether, potentially streamlining operations for Authorized Participants. This may result in increased efficiency in the ETF's transaction processes, fostering a more favorable trading environment for businesses dealing with cryptocurrency assets.