Hashdex appoints BitGo as custodian of Bitcoin ETF – applicant company continues talks with SEC | CoinDesk JAPAN

Hashdex, which is applying for a Bitcoin spot ETF (exchange traded fund), amended its filing documents on the 22nd. It appointed crypto custody company BitGo as its custodian and changed the name of the Bitcoin Futures ETF to Hashdex Bitcoin ETF. The filing companies, including HashDex, remain hopeful that America’s first Bitcoin spot ETF will be approved early in the new year.

Bitgo nomination is unusual

According to the amended S-1 filing, Hashdex has reached an agreement with BitGo, an unusual nomination among the dozen or so applicants. Most companies have agreements with crypto exchange Coinbase, Fidelity handles its own custody, and VanEck partners with another exchange, Gemini. There is.

The amendments to the filing come a day after the U.S. Securities and Exchange Commission (SEC) met with representatives from a number of other filing companies.

The deadline for final amendments to the application is December 29th.

Representatives from BlackRock, Valkyrie, Fidelity, Grayscale and Ark 21Shares all met with SEC officials on the 21st, company filings show. It has become. According to Reuters, the SEC has set a deadline of December 29 for final amendments to the filing.

Expectations have been growing in recent weeks that a Bitcoin spot ETF will be granted regulatory approval in the near future. A number of filing companies have met with the SEC to file various amendments to their filings, including specifying that the ETF will be issued with cash generation (if approved) rather than in-kind, and addressing other minor details. I’m doing it. This suggests that the SEC is open to approval.

January 10, 2024 is the final deadline for applications for Arc21Shares. SEC approval or rejection would have to be made by that date, but Reuters reported that a decision could come as early as the first few days of the new year.

｜Translation and editing: Rinan Hayashi
｜Image: Nikhilesh De/CoinDesk
｜Original text: Hashdex Names BitGo as Bitcoin ETF Custodian as Applicants Continue SEC Meetings