Hashdex's decision to use CME, a regulated exchange, sets it apart and may help it win the Bitcoin ETF race.
Some analysts believe that Hashdex's application, which buys physical bitcoin from CME, has a higher chance of SEC approval.
This different approach could give Hashdex an advantage over other spot bitcoin ETF applicants.
By using CME instead of Coinbase, Hashdex fulfills the SEC's surveillance-sharing agreement requirement and reduces market manipulation risks.
