The post Big News for Crypto: SEC Approves Combined Spot Bitcoin and Ethereum ETFs! appeared first on Coinpedia Fintech News
The SEC has approved spot-based Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. The approved products include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, which feature an 80/20 average weighting of Bitcoin and Ethereum but may include other assets in the future. Nasdaq and Cboe BZX filed amended proposals that adhered to strict standards, enabling swift approval. Notably, Bloomberg analyst Eric Balchunas predicts these ETFs could launch as early as January. This approval signals a change in the SEC’s stance towards crypto, easing tensions with the industry.