SEC Gives Approval to Hashdex and Franklin Templeton Bitcoin and Ethereum ETFs
The SEC has given the green light to Hashdex and Franklin Templeton to launch dual ETFs for Bitcoin and Ethereum. This expands the accessibility of the two largest digital assets for institutional investors through spot-based investment vehicles.
The approved ETFs are the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF. Franklin Templeton’s recent filing, which was submitted today, was quickly approved as it met the standards for commodity-based trust shares.
The approval comes amidst significant market volatility, with over $1 billion in crypto liquidations occurring within 24 hours according to CoinGlass data.
During this time, Bitcoin’s value dropped by over 8% from its high of $105,000 to below $96,000. Similarly, Ethereum and Solana experienced declines of about 15%, currently trading at $3,440 and $196 respectively.