The U.S. SEC approves the first Bitcoin + Ethereum mixed ETFs, expected to launch in January with huge market demand

Nate Geraci, president of ETF Store, stated on social platform X yesterday (20th) that after nearly six months of review, the U.S. Securities and Exchange Commission (SEC) has finally approved the Bitcoin and Ethereum mixed ETFs from Hashdex (Hashdex Nasdaq Crypto Index US ETF) and Franklin Templeton (Franklin Crypto Index ETF).

Bloomberg Analysts: Expected to launch in January

According to reports from Decrypt, SEC documents indicate that the Hashdex Nasdaq Crypto Index US ETF will be listed on Nasdaq, while the Franklin Crypto Index ETF will be listed on the Cboe BZX exchange. Additionally, the proportions of Bitcoin and Ethereum held by these mixed ETF products will be calculated based on free-float market capitalization. Furthermore, the SEC has stipulated that these two products must continuously meet listing requirements and maintain transparency in their portfolios and pricing, or they will be required to delist.

Additionally, Bloomberg's senior ETF analyst expects that these two products are set to officially launch trading in January next year, with Bitcoin accounting for 80% and Ethereum for 20% in mixed investments, reflecting their current market values.

ETF Store President: Huge market demand

In this regard, Nate Geraci, president of ETF Store, added that he anticipates strong demand for such products in the future, as investors enjoy diversified portfolios. At the same time, after the initial launch of these two products, it will be interesting to see if asset management giants like BlackRock will also introduce similar products, especially since the SEC has shown satisfaction with the current application documents.

It will be interesting to see whether BlackRock or other companies will attempt to launch similar products.

In any case, I expect these products to have enormous market demand.

Advisors appreciate diversification, especially in emerging asset classes like cryptocurrencies.

It is also worth mentioning that back in June this year, Bloomberg analyst James Seyffart commented that launching such products in the U.S. would be 'significant'.