Official announcements from Hashdex and Franklin Templeton or major financial news outlets

SEC Approves $300M Hashdex and Franklin Templeton Bitcoin-Ethereum ETFs with 80/20 BTC-ETH Split, Launching January 2025

Dec 20, 2024, 12:05 AM

The U.S. Securities and Exchange Commission (SEC) has approved two new cryptocurrency exchange-traded funds (ETFs) from Hashdex and Franklin Templeton, enabling institutional investors to gain exposure to Bitcoin (BTC) and Ethereum (ETH). The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF will initially hold a combination of both cryptocurrencies, with an expected allocation of approximately 80% BTC and 20% ETH. The approval comes after multiple review extensions and is seen as a pivotal moment for cryptocurrency investments. Both ETFs are expected to launch in January 2025. The SEC's decision reflects a growing acceptance of cryptocurrency investment vehicles in traditional financial markets, providing new options for institutional investors.