Bermuda Stock Exchange (BSX) Approves Crypto ETF

The Bermuda Stock Exchange (BSX) has approved a cryptocurrency ETF. The ‘Hashdex Nasdaq Crypto ETF’ will be traded on Bermuda’s BSX, handing institutional investors access to Bitcoin and other cryptocurrencies.

The ETF is a joint venture with Brazilian-based fund manager Hashdex and US exchange Nasdaq.

Bermuda is the first jurisdiction to pass a cryptocurrency ETF, which many in the space have been eagerly waiting for.

Many US companies have submitted Bitcoin ETF proposals in the past, but have constantly hit a brick wall when dealing with the Securities and Exchange Commission (SEC).

What is a Crypto ETF?

An exchange-traded fund (ETF) is an investment fund that can be easily traded on the stock market.

The Hashdex Nasdaq Crypto ETF will track a portfolio of cryptocurrencies and blockchain-based assets that are tracked by the Nasdaq Crypto Index. Read More