Crypto asset management firm Hashdex plans to launch an exchange-traded fund that directly owns spot bitcoin and ether.

Nasdaq posted the proposal via Form 19b-4 on Tuesday for the Hashdex Nasdaq Crypto Index US ETF, which ETF experts say was not necessarily a surprising move.

"A dual Ethereum and #Bitcoin ETF filing from @hashdex just dropped," said Bloomberg ETF analyst James Seyffart in a post on X. "Will be market cap weighted. Shouldn't be a surprise to anyone -- makes a lot of sense."

Hashdex's move comes after the SEC approved spot Bitcoin ETFs earlier this year and last month approved 19b-4 forms for a slew of spot Ethereum ETFs. The SEC still has to greenlight registration statement forms for the Ethereum products as part of a two-step process.

Hashdex decided not to move …