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Big News for Crypto: SEC Approves Combined Spot Bitcoin and Ethereum ETFs!
The United States Securities and Exchange Commission (SEC) has made a groundbreaking decision in the crypto space, approving spot-based Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. This development marks a significant shift in the regulatory landscape, as these products will feature an 80/20 average weighting of Bitcoin and Ethereum, with potential inclusion of other assets in the future.
The approved ETFs include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF. Nasdaq and Cboe BZX have filed amended proposals that meet strict standards, leading to swift approval from the regulatory body.
Industry experts anticipate a rapid launch of these ETFs, with Bloomberg analyst Eric Balchunas predicting a possible January debut. This sudden change in the SEC’s stance towards crypto eases tensions within the industry, signaling a more favorable climate for future innovation and growth.
Stay tuned for further updates on this groundbreaking development as we continue to monitor any new information that emerges.
Source: coinpedia.org
