Would-be
bitcoin
exchange-traded
fund
(ETF)
issuer
Hashdex
changed
its
paperwork
Friday,
naming
BitGo
as
its
bitcoin
custodian
and
changing
the
name
of
its
Bitcoin
Futures
ETF
to
the
Hashdex
Bitcoin
ETF
as
it
–
and
other
companies
–
continue
to
hope
for
an
approval
for
the
U.S.’s
first
spot
bitcoin
ETF
early
in
the
new
year.
Hashdex
has
come
to
an
agreement
with
crypto
custodian
BitGo
to
according
to
an
amended
S-1
filing,
a
rare
outlier
among
the
over
a
dozen
applicants.
The
vast
majority
have
signed
agreements
with
crypto
exchange
Coinbase,
while
Fidelity
intends
to
self-custody
and
VanEck
tapped
Gemini,
another
exchange.
The
update
comes
a
day
after
the
SEC
met
with
representatives
from
a
number
of
other
applicants.
Representatives
from
BlackRock,
Valkyrie,
Fidelity,
Grayscale
and
Ark
all
spoke
to
officials
with
the
SEC
on
Thursday,
according
to
filings.
The
regulators
set
a
Dec.
29
deadline
for
final
amendments
to
the
applications,
Reuters
reported.
Hopes
that
a
spot
bitcoin
ETF
will
be
given
the
regulatory
green
light
in
the
near
future
have
risen
in
recent
weeks.
A
number
of
applicants
have
met
with
the
SEC
and
filed
various
amendments
to
their
applications,
specifying
that
they
will
issue
their
ETFs
with
cash
creation
(if
approved)
rather
than
in-kind
and
addressing
other
minor
details,
suggesting
the
SEC
is
open
to
an
approval.
Jan.
10,
2024
is
the
final
deadline
for
the
Ark
21Shares
filing.
Any
approval
or
rejection
from
the
SEC
will
have
to
come
by
that
date,
though
Reuters
reported
that
a
decision
may
come
as
early
as
the
first
few
days
of
the
new
year.
