The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. This move expands combined institutional access to the two largest cryptocurrencies via spot-based investment vehicles.

The Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF received regulatory clearance, with the latter benefiting from an expedited review. 

Combined Bitcoin and Ethereum ETFs Approved after Consecutive Delays

Franklin Templeton’s updated ETF filing, submitted earlier today, secured faster approval due to its alignment with established commodity-based trust standards. 

According to the filing, the SEC approved rule changes proposed by Nasdaq and Cboe BZX to facilitate the listing and trading of these funds.

“Hashdex Crypto Index ETF that just got approved by the SEC. At first it will only include BTC and ETH, but will expand to other assets over time… INCLUDING XRP!” said popular artist Chad Steingraber. 

Hashdex had originally filed for its ETF in June, but the SEC postponed its decision twice, citing regulatory deliberations. Analysts suggest that upcoming leadership changes in Washington may have accelerated the recent approvals.

“Launch likely in January. They’re mkt cap weight so 80/20 btc/eth approx. Notable that Hashdex & Frankie are first. Good for them,” wrote ETF analyst Eric Balchunas.

Meanwhile, the green light for these ETFs coincides with a volatile period

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Author: Mohammad Shahid