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
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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
ETHtickers down$2,236ETF.
“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. and Europe head
of product Dramane Meite in a 2024 outlook report, published on Dec. 4.
“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.
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. 10, 2024, Seyffart has previously noted that
this refers only to the 19b-4 applications — and that a separate form, known as the “S-1,” must also be approved for an ETF to launch.
Seyffart noted in November that “there could be weeks or even months between approval and launch.”
