SEC approves first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton
Powered by @unfolded- The SEC has approved the first crypto index ETFs in the U.S., from Hashdex and Franklin Templeton, which will initially hold bitcoin and ether in a market cap-weighted manner.
- The Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF are expected to launch in January 2025, with a preliminary allocation of approximately 80% bitcoin and 20% ether.
- Both ETFs can add more cryptocurrencies in the future, pending regulatory approval, and will be managed with custodians like BitGo and Coinbase.
- This approval follows a trend of increasing acceptance of crypto ETFs in the U.S., with significant net inflows for existing spot bitcoin and ethereum ETFs since their launch.