- Hashdex and Franklin Templeton get the go-ahead for their Bitcoin-Ether ETFs.
- Hashdex’s ETF will trade on Nasdaq, Franklin’s on Cboe BZX.
- This approval signals a huge step toward more diversified crypto investments.
- Analysts believe other major firms, like BlackRock, could follow soon.
The crypto investment world just got a major boost. The SEC has officially approved two new Bitcoin-Ether ETFs — one from Hashdex and another from Franklin Templeton. This decision means investors now have more ways to gain exposure to crypto without needing to buy individual coins. It’s a sign that regulators are slowly warming up to the idea of diversified crypto investment products.
A Big Moment for Crypto ETFs
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On December 19, the SEC announced it had approved Hashdex’s Nasdaq Crypto Index US ETF and Franklin Templeton’s Franklin Crypto Index ETF. Hashdex’s ETF will be listed on Nasdaq, while Franklin’s will trade on the Cboe BZX Exchange.
Both ETFs will include a mix of spot Bitcoin (BTC) and spot Ether (ETH). These are two of the biggest cryptocurrencies in the market, and having them together in one product makes these ETFs incredibly attractive for investors looking to diversify.
Why This Approval Matters
For years, investors have been calling for more crypto ETF options. The SEC had previously approved single-asset ETFs — usually just for Bitcoin. This new approval of dual-asset ETFs means investors can now get exposure to both Bitcoin and Ethereum in a single fund.
This is a game-changer. Why? Because it’s a sign that regulators are starting to trust the idea of diversified crypto investments. And for everyday investors, it means a simpler, safer way to be part of the crypto world without having to manage multiple coins or wallets.
How Did This Happen?
The SEC’s quick approval of Franklin Templeton’s filing on December 18 shows that the regulator saw the proposals as solid and well-structured. Both ETFs met the strict requirements of the Exchange Act — meaning they have systems in place to:
- Prevent fraud and manipulation.
- Protect investors and the public interest.
In other words, these ETFs passed the test for being secure, reliable investment products.
What Industry Experts Are Saying
Following the news, Nate Geraci, President of The ETF Store, shared his thoughts on X (formerly Twitter):
“Will be interesting to see if BlackRock or others attempt to piggyback on this & launch similar ETFs.”
He pointed out that financial advisers love diversification, especially when it comes to emerging asset classes like crypto. If more big firms like BlackRock enter the game, it could lead to even more investment options for everyone.
More Crypto ETFs on the Horizon?
Hashdex and Franklin Templeton are leading the way, but they aren’t the only ones. Earlier this year:
- Bitwise filed for an ETF that includes both Bitcoin and Ethereum.
- NYSE Arca showed interest in listing a Grayscale crypto index ETF that includes a mix of spot cryptocurrencies.
With the SEC’s recent approval, it seems likely that we’ll see more of these proposals getting the green light soon.