🔥 SEC Approves First Cross-Asset Bitcoin-Ethereum Spot ETFs
posted 8 hr ago
The US Securities and Exchange Commission (SEC) has approved dual Bitcoin-Ethereum crypto index ETFs on Nasdaq from Hashdex and Franklin Templeton.
These funds will allow investors to gain exposure to both cryptocurrencies within a single product.
In a December 19, 2024 press release, the regulator mentioned that after a careful review of proposed rule changes, they decided to greenlight both funds through an accelerated process.
The newly approved ETFs will be the first to integrate both Bitcoin and Ether. Previously, Bitcoin ETFs received the SEC’s approval in January, while Ethereum ETFs were approved in June 2024.
ETFs, or Exchange Traded Funds, are investment tools that you can buy and sell on stock exchanges. For example, instead of buying Bitcoin or Ethereum directly, you can invest in a crypto ETF and gain exposure to both assets.
Crypto ETFs are a rising trend in the market. According to Bloomberg analysts, new crypto ETFs are expected to launch in 2025.
They predict that upcoming crypto investment products could include ETFs for Litecoin (LTC), Hedera (HBAR), Ripple (XRP), and Solana (SOL).
Currently, BlackRock’s IBIT dominates the crypto ETF market, with a total of $850 million in Bitcoin and Ethereum ETF inflows.
Other popular ETFs include Grayscale Bitcoin Trust (GBTC), Fidelity Wise Origin Bitcoin Trust (FBTC), and Bitwise Bitcoin ETF (BITB).
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