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

According to the announcement of document number SR-NYSEARCA-2023-84 by 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 of the Hashdex Bitcoin Futures Fund. The fund is currently listed and traded on NYSE Arca under Rule 8.200-E. The rule change mainly involves details of Hashdex Bitcoin Futures Fund's restructuring into Hashdex Bitcoin Futures ETF, which will be one of the series in Tidal Commodities Trust I. After restructuring, assets and liabilities from the original fund will be transferred to new ETF, shareholders of original fund will automatically become shareholders of new ETF holding shares equivalent to net asset value (NAV) of original fund. SEC has approved this rule change emphasizing that it won't have significant impact on investor protection or public interest nor impose unnecessary or inappropriate burden in competition.The changes reflect organizational and administrative changes implemented due to restructuring but do not alter investment objectives for ETF.