Performance reports from Nasdaq and Cboe

SEC Approves Hashdex and Franklin Templeton Bitcoin and Ethereum ETFs for Nasdaq and Cboe Listing in January

Dec 19, 2024, 11:00 PM

The U.S. Securities and Exchange Commission (SEC) has approved two cryptocurrency index exchange-traded funds (ETFs), one from Hashdex and the other from Franklin Templeton. The Hashdex Nasdaq Crypto Index US ETF will be listed on Nasdaq and will track the performance of cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, and Avalanche. The Franklin Crypto Index ETF, to be listed on Cboe, will follow the CF Institutional Digital Asset Index, comprising Bitcoin at 83.66% and Ethereum at 16.34%. Both approvals were processed on an accelerated basis, indicating a swift move by the SEC to facilitate these new investment vehicles. The ETFs are expected to launch in January, providing institutional investors with direct exposure to the top cryptocurrencies via spot-based investment vehicles.