The SEC has approved two Bitcoin-Ethereum ETFs from Hashdex and Franklin Templeton, including the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, expanding institutional access to the two largest digital assets through spot investment instruments.
Franklin Templeton's updated filing, filed earlier today, was approved quickly due to its compliance with current commodity-based trust sharing standards.
The approval order was issued amid strong volatility in the crypto market, with over $1 billion liquidated within 24 hours, according to data from CoinGlass.
Total market liquidation value for crypto on December 20 | Source: Coinglass
During this time, the price of Bitcoin has dropped more than 10% from its peak of $105,000 to below $96,000, while Ethereum has decreased by about 15%, currently trading at $3,409. Solana has also fallen 15%, with a current price of $195.
This decision aligns perfectly with the recent predictions of analysts from Bloomberg regarding the potential licensing of two Bitcoin-Ethereum ETFs.
Looking to the future, experts also believe that Litecoin could be the next candidate approved for an ETF, due to its role as a fork of Bitcoin and its potential classification as a commodity.
However, the instability within the current regulatory framework continues to raise doubts about the approval of ETFs for Solana and XRP.
The potential change in SEC leadership in 2025, under Paul Atkins, could create more favorable conditions for the approval of crypto ETFs.
https://tapchibitcoin.io/sec-duyet-bitcoin-ethereum-etf-hashdex-va-franklin-templeton.html