Nasdaq has proposed a brand new rule to permit the buying and selling and itemizing of funding merchandise linked to digital belongings, in response to a current submitting.
The proposal suggests including a brand new rule, referred to as Nasdaq Rule 5712, which might let corporations checklist securities backed by digital belongings.
These embrace securities from corporations holding digital belongings and funding pursuits based mostly on money, derivatives, or different sources. It additionally proposes transferring the Hashdex Nasdaq Crypto Index US ETF to this new rule from its present itemizing class.
The submitting talked about, “This proposal goals to amend representations concerning the funding goal and technique of the [Hashdex Nasdaq Crypto Index US ETF] made within the rule change beforehand filed with and authorized by the Securities and Trade Fee regarding the Belief.”
The cryptocurrency investing firm Hashdex is in command of managing the Hashdex Nasdaq Crypto Index US ETF. Based on its July 2024 registration assertion, the fund’s main holdings are Bitcoin and Ether, however it could additionally personal different digital belongings based mostly on U.S. crypto laws.
Additionally Learn: Nasdaq Seeks SEC Approval for XRP & Litecoin ETFs
