SEC Greenlights Franklin and Hashdex Bitcoin and Ethereum Index ETFs

Two cryptocurrency ETFs from Franklin Templeton and Hashdex have been approved by the US Securities and Exchange Commission (SEC), marking a significant move towards incorporating Bitcoin and Ethereum into the traditional financial markets.

These ETFs will be listed on the Nasdaq and Cboe BZX exchanges, allowing investors to directly access the Bitcoin and Ethereum spot markets in compliance with federal securities laws.

The approved ETFs, the Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF, will hold a combination of Bitcoin, Ethereum, cash, and cash equivalents. Compliance with the Securities Exchange Act of 1934 and the Investment Company Act of 1940, which offer protection to investors and promote transparency, has been confirmed by the SEC.

The SEC’s decision comes amidst a period of significant volatility in the crypto market.