Eric Balchunas, a Bloomberg analyst who only published a few days ago predicting that there will be a wave of cryptocurrency ETFs in 2025, his first wave predictions have immediately come true! The U.S. Securities and Exchange Commission (SEC) has approved the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF, which will initially hold both Bitcoin and Ethereum.
(Bloomberg: Multiple cryptocurrency ETFs will emerge in 2025)
SEC has approved a crypto ETF that mixes Bitcoin and Ethereum
The U.S. Securities and Exchange Commission (SEC) has approved the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF, which will initially hold both Bitcoin and Ethereum.
Balchunas expects that these two ETFs may launch in January. Their market weights are approximately 80% Bitcoin and 20% Ethereum. Notably, Hashdex and Franklin are the first issuers, giving them a first-mover advantage. Bitwise also applied but is not on the approval list this time.
The size of crypto ETFs has reached $135 billion, and 2025 will be a crazy year.
ETF Store President Nate Geraci also looks forward to whether BlackRock or other issuers will take this opportunity to launch similar ETFs. He believes these products are in demand for investment, as advisors always prefer diversification.
Geraci stated that a year ago there were no spot crypto ETFs, and now this is a $135 billion asset class, and this happened under a crypto-unfriendly SEC. He expects 2025 to be crazy!
This article states that the SEC has approved a crypto index ETF mixed with Bitcoin and Ethereum, expected to launch in January. It first appeared in Chain News ABMedia.
