The U.S. Securities and Exchange Commission (SEC) has taken a significant step in regulated crypto investment products by approving the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF.
This development is seen as a turning point that could increase institutional adoption of the crypto market.
Details of approved ETFs
Hashdex ETF: This Nasdaq-listed ETF will invest 80/20 in Bitcoin and Ethereum, with the flexibility to add other assets in the future.
Franklin Templeton ETF: This ETF, which will be listed on the Cboe BZX, is regulated under commodity-based trust standards, allowing for rapid regulatory approval.
Starting to be adopted in the mainstream
These ETFs facilitate portfolio diversification for investors by providing combined access to Bitcoin and Ethereum, and they also provide an important entry point for individual and institutional investors by providing access to digital assets through traditional brokerage accounts.
Bloomberg’s senior ETF analyst Eric Balchunas sees the approval as a harbinger of a broader wave of crypto ETFs, with products expected to launch in the future that include assets like Litecoin, HBAR, XRP, and Solana.
Stay tuned
