Lots of BTC, a little ETH: SEC approves Bitcoin-Ethereum hybrid ETFs
The SEC is diversifying. After approving several Ethereum ETFs in recent months, the SEC continues to diversify. Thus, the regulator has just approved the first Bitcoin-Ethereum hybrid ETFs. Explanations.
The key points of this article:
The SEC has approved the first Bitcoin-Ethereum hybrid ETFs, marking a historic diversification in its policy of approving financial products.
These ETFs, composed of 80% Bitcoin and 20% Ethereum, will be listed on the Nasdaq and the Cboe BZX, with a launch planned for next January.
The SEC approves the first Bitcoin-Ethereum hybrid ETFs
On Thursday, December 19, the SEC published documents concerning the Bitcoin-Ethereum hybrid ETFs from Franklin Templeton and Hashdex.
Thus, after several months of deliberation, the regulator has finally given the green light for these new financial products. The latter will be listed on the Nasdaq for the Hashdex ETF and on the Cboe BZX for the Franklin Templeton ETF.
As a reminder, these ETFs are exchange-traded funds that combine exposure to Bitcoin and Ethereum. This allows investors to diversify their crypto portfolio through a single financial product.
