๐Ÿšจ SEC Approves First Hybrid Bitcoin-Ethereum ETFs! ๐Ÿšจ

What does this mean for crypto investors? ๐Ÿค”๐Ÿ“ˆ

๐Ÿ’ก Diversification with BTC & ETH in one ETF

๐Ÿ”’ Enhanced market surveillance to combat fraud

๐Ÿ“Š Launch expected in January with 80% BTC & 20% ETH allocation

Will this spark a new wave of crypto ETFs? ๐ŸŒŠ Letโ€™s discuss! ๐Ÿ’ฌ

The SEC has approved the first hybrid Bitcoin-Ethereum ETFs by Hashdex and Franklin Templeton, marking a significant milestone. These ETFs will allocate assets based on free-float market caps (approx. 80% BTC, 20% ETH) and are set to launch in January. The approval reflects the SEC's growing comfort with dual-asset frameworks, bolstered by enhanced surveillance-sharing agreements to ensure market integrity. This could pave the way for more diversified crypto investment products.

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