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**Hashdex and Franklin Templeton to Launch First Hybrid Bitcoin-Ethereum ETFs**

In a significant move for the cryptocurrency market, Hashdex and Franklin Templeton have announced the upcoming launch of the first hybrid Bitcoin-Ethereum exchange-traded funds (ETFs). The introduction of these products marks a major milestone in the development of the digital asset space.

The new ETFs will track the performance of both Bitcoin and Ethereum, with an approximate 80% allocation to Bitcoin and 20% allocation to Ethereum. This unique structure allows investors to gain exposure to the two most significant assets in the crypto market through a single instrument.

The approval of these hybrid funds demonstrates the regulatory body’s recognition that such products can meet established requirements for commodity-based funds. The launch is also a response to growing demand from investors seeking diversified exposure to cryptocurrencies.

Nate Geraci, president of ETF Store, emphasized that the approval of these hybrid ETFs is a significant step forward in providing investors with access to alternative investment opportunities. He noted that these products will be well-received due to their ability to provide an attractive alternative since crypto ETFs first entered the traditional market.

As of now, it’s difficult to predict how the launch of these hybrid ETFs will impact the overall cryptocurrency market. However, many industry experts believe that the introduction of such products could attract a wider base of investors who are interested in getting exposure to cryptocurrencies but were hesitant due to risk factors.

The rise in demand for cryptocurrency ETFs has been a key driver in the growth of interest in these instruments. With the approval of hybrid funds like these, we can expect to see an increase in the number of institutions and individuals looking into the crypto market for investment opportunities.

It is essential to note that the two mentioned ETFs are expected to debut in January next year.

Source: crypto-economy.com