The SEC has approved the proposed rule change for Hashdex's Bitcoin futures ETF

ChainCatcher message indicates that according to the official document number SR-NYSEARCA-2023-84 from the U.S. Securities and Exchange Commission (SEC), the New York Stock Exchange Arca (NYSE Arca) submitted a proposed rule change on December 1, 2023. This change aims to modify certain statements regarding the Hashdex Bitcoin Futures Fund, which is currently listed and traded on NYSE Arca under Rule 8.200-E. The SEC has approved this rule change, emphasizing that it will not have a significant impact on investor protection or the public interest, and will not impose unnecessary or inappropriate burdens on competition. The change reflects organizational and administrative changes implemented due to restructuring but does not alter the investment objectives of the ETF.

It is reported that this rule change mainly involves the details of restructuring the Hashdex Bitcoin Futures Fund into the Hashdex Bitcoin Futures ETF, which will be one of the series of Tidal Commodities Trust I. After the restructuring, the assets and liabilities of the original fund will be transferred to the new ETF, and the shareholders of the original fund will automatically become shareholders of the new ETF, holding new ETF shares equal to the original fund's net asset value (NAV).