SEC approves first hybrid Bitcoin-Ethereum ETFs

The U.S. Securities and Exchange Commission #SEC has approved the first hybrid #Bitcoin -#Ethereum exchange-traded funds (ETFs), after several months of review. The #Hashdex Nasdaq Crypto Index US ETF and the #FranklinCrypto Index #ETF, which will be listed on Nasdaq and Cboe BZX Exchange respectively, combine Bitcoin $BTC and Ethereum $ETH holdings. Each fund's composition will reflect the market capitalizations of the two cryptocurrencies, with an expected split of 80% Bitcoin and 20% Ethereum.