Hashdex's head of product for the U.S. and Europe says the exact timing for a spot Bitcoin ETF is unclear but predicts it to start by the second quarter of 2024.
Hashdex, one of the 13 asset managers vying for spot Bitcoin (BTC) exchange-traded fund, expects to see the first spot Bitcoin ETF in the United States land by the second quarter of 2024, followed by a spot Ether (ETH) ETF.
“The exact timing of a spot Bitcoin ETF in the U.S. remains unclear, but in 2023, the narrative around this product switched from a question of ‘if’ to a matter of ‘when,’” said Hashdex’s U.S.
“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.”
Hashdex is one of the 13 asset managers with a spot Bitcoin ETF bid before the Securities and Exchange Commission. It has also pitched a hybrid Ether ETF that holds both futures and spot contracts to the same regulator.
⚡️ In our latest Hash Insider
— Hashdex (@hashdex) December 4, 2023
Hashdex releases our 2024 #Crypto Investment Outlook
#SEC continues its work on #spot #bitcoin ETFs
UK asset managers given go-ahead to launch ‘tokenized’ funds
& more!https://t.co/O8uESoYJ03
While Bloomberg ETF analysts James Seyffart and Eric Balchunas have pinned 90% odds that spot Bitcoin ETFs will be approved in the days leading up to Jan.
Seyffart noted in November that “there could be weeks or even months between approval and launch.”
What Scott said: There are TWO paths that need to be completed for an ETF launch. Possible and even likely that there could be weeks or even months between approval & launch https://t.co/LZSdutmlT8 pic.twitter.com/7OLj5HjSDy
