Nasdaq Wants Direct Bitcoin and Ether Swaps in Crypto ETF
Published Date: 7/29/2025
Notice
Summary
Nasdaq wants to update the Hashdex Nasdaq Crypto Index US ETF so it can swap bitcoin and ether 'in-kind' instead of just cash. This change helps investors trade more smoothly and could save money on fees. The new rule is up for review now and, if approved, will make crypto ETF trading easier and more efficient starting soon.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Crypto ETF Allowed In‑Kind Transfers
Nasdaq filed on July 11, 2025 to let the Hashdex Nasdaq Crypto Index US ETF accept bitcoin and ether 'in‑kind' for creations and redemptions instead of only cash. If approved, Authorized Participants can deliver or receive bitcoin and ether directly for Baskets (Baskets are offered continuously at NAV for 10,000 Shares), which the Exchange says could make trading more efficient and potentially reduce transaction costs for investors.
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