According to a report from Deep Tide TechFlow on December 20, documents released by the U.S. Securities and Exchange Commission (SEC) show that the SEC has approved the listing applications for the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These two ETFs will simultaneously hold Bitcoin and Ethereum spot, with allocation ratios determined based on market capitalization and free float, and will be listed for trading on the Nasdaq and Cboe BZX exchanges.
The SEC noted in the approval documents that the CME Bitcoin and Ethereum futures markets are highly correlated with the spot markets, and the comprehensive regulatory sharing agreement between Nasdaq and Cboe BZX with the CME can effectively monitor and prevent market manipulation. The two ETFs are required to comply with strict disclosure requirements, including updating the fund's reference net asset value every 15 seconds and publishing information such as net asset value on the exchange's website.
