“Institutional Carnival! Hashdex Crypto Index ETF Approved, Wall Street May Spark New Wave of Positioning!”
The U.S. Securities and Exchange Commission (SEC) has approved the listing of two cryptocurrency exchange-traded funds (ETFs), providing Bitcoin and Ethereum investors with a new option to invest without directly holding the assets. These two ETFs are the Hashdex Nasdaq Crypto Index U.S. ETF and the Franklin Templeton Cryptocurrency Index ETF, which will be listed on Nasdaq and the Chicago Options Exchange BZX.
The positioning of the two funds:
The Hashdex ETF tracks the Nasdaq Cryptocurrency Index, focusing on diversified asset allocation. The Franklin Templeton ETF tracks the CF Institutional Digital Asset Index, while holding Bitcoin, Ethereum, and cash equivalents.
The SEC's decision aligns with the framework requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, reflecting the importance of compliance and market transparency.
This approval by the SEC marks a significant step towards the integration of cryptocurrency into mainstream finance. Through regulated channels, retail and institutional investors can participate in cryptocurrency asset investment more securely. This initiative not only boosts market confidence but may also attract traditional capital to further increase their positions. This is not only a major step for digital assets entering mainstream finance but also an opportunity to redefine asset allocation.
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