Hero's Image

Bernstein projects $200k BTC, SEC closes Consensys investigation, Hashdex waives fees for Nasdaq Crypto Index Europe ETP

The Hash Insider

The crypto markets experienced another red week, continuing a three-month sideways consolidation. Bitcoin (BTC) fell 3.6%, ether (ETH) dropped 3.3%, and the Nasdaq Crypto IndexTM (NCITM) declined 4.1%.



Hashdex waives fees for Nasdaq Crypto Index Europe ETP (HASH)

The ETP fee will be waived until it reaches $1 billion in net asset value. HASH is the second largest crypto index ETP in Europe, with over $100m in net asset value. Read the press release here.


SEC closes Consensys investigation

The Enforcement Division of the SEC notified web3 company Consensys that it is closing its investigation into one of its products and will not pursue an enforcement action against the firm. This move is significant as it potentially indicates a more favorable regulatory environment for crypto companies in the US.

Bernstein predicts BTC ETFs near approval at major wirehouses; maintains $200k target

Bernstein analysts expect institutional adoption of Bitcoin ETFs to rise by late 2024, leading to greater demand and potential price increases. They note that current institutional participation is small and focused on arbitrage, but should expand to “net long” positions with better liquidity. Bernstein predicts BTC could reach $200,000 by 2025 and $1 million by 2033.


From Hashdex:

Our Portfolio Management Director, João Marco Braga da Cunha, wrote about the views of Robert Merton, a Nobel Prize-winning economist, on crypto assets. He also discussed the role of central banks and the inseparable relationship between crypto assets and blockchain technology.



This material expresses Hashdex Asset Management Ltd. and its subsidiaries and affiliates (“Hashdex”)'s opinion for informational purposes only and does not consider the investment objectives, financial situation or individual needs of one or a particular group of investors. We recommend consulting specialized professionals for investment decisions. Investors are advised to carefully read the prospectus or regulations before investing their funds. The information and conclusions contained in this material may be changed at any time, without prior notice. Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management product or service. This information is not directed at or intended for distribution to or use by any person or entity located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Hashdex to any registration or licensing requirements within such jurisdiction. No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Hashdex. By receiving or reviewing this material, you agree that this material is confidential intellectual property of Hashdex and that you will not directly or indirectly copy, modify, recast, publish or redistribute this material and the information therein, in whole or in part, or otherwise make any commercial use of this material without Hashdex’s prior written consent. 

Investment in any investment vehicle and cryptoassets is highly speculative and is not intended as a complete investment program. It is designed only for sophisticated persons who can bear the economic risk of the loss of their entire investment and who have limited need for liquidity in their investment. There can be no assurance that the investment vehicles will achieve its investment objective or return any capital. No guarantee or representation is made that Hashdex’s investment strategy, including, without limitation, its business and investment objectives, diversification strategies or risk monitoring goals, will be successful, and investment results may vary substantially over time. Nothing herein is intended to imply that the Hashdex s investment methodology or that investing any of the protocols or tokens listed in the Information may be considered “conservative,” “safe,” “risk free,” or “risk averse.”

Certain information contained herein (including financial information) has been obtained from published and unpublished sources. Such information has not been independently verified by Hashdex, and Hashdex does not assume responsibility for the accuracy of such information. Hashdex does not provide tax, accounting or legal advice. Certain information contained herein constitutes forward-looking statements, which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue”  “believe” (or the negatives thereof) or other variations thereof. Due to various risks and uncertainties, including those discussed above, actual events or results, the ultimate business or activities of Hashdex and its investment vehicles or the actual performance of Hashdex, its investment vehicles, or digital tokens may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward- looking statements in making their investment decisions. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission or any other governmental or self-regulatory authority. No governmental authority has opined on the merits of Hashdex’s investment vehicles or the adequacy of the information contained herein.


Logo Hashdex
The material contained on this website is for informational purposes only and Hashdex, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as investment advice nor is it to be construed as recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy. Further, the material contained on this website does not constitute a representation that the financial instruments described therein are suitable or appropriate for any person. Past performance is not an indication of any future performance. This website may contain advertising of financial products.