President of The ETF Store: Hashdex recently met with the SEC to discuss its Bitcoin ETF application

Nate Geraci, president of consulting firm The ETF Store, posted on the X platform that Hashdex recently met with the SEC’s Trading and Markets Department to discuss its application for a Bitcoin ETF (DEFI). Bloomberg ETF analyst James Seyffart commented that if the SEC finds a way to reject all other Bitcoin ETFs, then Hashdex’s application is tailor-made based on every argument the SEC has made in the past, and he believes that the SEC cannot deny this. According to previous news in August, Bloomberg ETF analyst James Seyffart posted on the X platform that crypto asset management company Hashdex has applied to hold spot BTC in its Bitcoin futures ETF DEFI and will change its ETF name if approved. Notably, the application does not rely on Coinbase’s Supervision Sharing Agreement (SSA). Hashdex hopes to exchange some futures contracts for equivalent spot BTC through CME Market’s Exchange for Physical (EFP) mechanism, instead of using cash to purchase BTC directly from the exchange.