The U.S. Securities and Exchange Commission has approved two cryptocurrency spot index ETFs.
On December 18, the SEC gave the green light to Franklin Templeton’s crypto index ETF proposal, allowing it to trade on the Cboe BZX exchange. The following day, the commission approved the Hashdex crypto index ETF, which will trade on the Nasdaq stock market.
Franklin Templeton’s proposal received “accelerated approval” after its updated application met the necessary requirements and was deemed “substantially similar” to previously approved Bitcoin and ETH spot ETFs.