The SEC has approved Bitcoin and Ether spot ETFs from Hashdex and Franklin Templeton, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. Both funds will hold spot Bitcoin and Ether, with Hashdex potentially adding more digital assets in the future. This approval may encourage other firms, like BlackRock, to launch similar products amid growing demand for diversified crypto investments.
The SEC has approved the first dual Bitcoin and Ethereum ETFs, introduced by Hashdex and Franklin Templeton, marking a significant step in crypto adoption. The ETFs, set to launch in January 2024, will provide institutional investors with simplified access to these major cryptocurrencies, despite ongoing market volatility. This approval reflects a potential shift in the SEC's regulatory stance towards digital assets, following recent leadership changes.
The US SEC has approved the first combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, featuring an 80/20 split. This milestone comes amid significant outflows from existing Bitcoin and Ethereum ETFs, totaling $671 million and $60 million, respectively, as the market faces a downturn. The new ETFs are set to launch in January 2024, with expectations of strong demand for diversified crypto investment products.
The SEC has approved Bitcoin and Ethereum index ETFs from Franklin Templeton and Hashdex, enhancing institutional access to these cryptocurrencies. Franklin Templeton's ETF will trade on the Cboe BZX Exchange, while Hashdex's will be available on the Nasdaq. This approval follows previous applications and delays, with the SEC emphasizing compliance with investor protection regulations. Speculation arises that other asset managers, like BlackRock, may soon introduce similar products amid significant market volatility, which has seen Bitcoin and Ethereum prices drop sharply.
The SEC has approved Hashdex's and Franklin Templeton's proposals for combined Bitcoin and Ethereum crypto index ETFs, allowing for future asset additions. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF will feature an 80/20 average weighting of the two cryptocurrencies, with potential launch in January. This approval indicates a shift in regulatory stance towards the crypto sector, paving the way for more ETFs in the future.
The SEC has approved Hashdex and Franklin Templeton's Bitcoin and Ether index ETFs, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. Both ETFs will hold spot Bitcoin and Ether, meeting regulatory criteria to protect investors. This approval may encourage other firms, like BlackRock, to launch similar products in the growing crypto market.
The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, enhancing institutional access to these cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF received regulatory clearance, with the latter benefiting from an expedited review.Analysts suggest that upcoming leadership changes in Washington may have influenced these approvals, with a launch expected in January. Meanwhile, predictions indicate that Litecoin ETFs could be next, although demand among institutional investors remains uncertain.
Mo Shaikh has stepped down as CEO of Aptos Labs to "start a new chapter," with co-founder Avery Ching taking over the role. Shaikh, who co-founded the layer-1 blockchain in 2021 and helped raise $400 million, will remain as a strategic adviser while expressing confidence in the team's future. Aptos aims for significant technical innovation and ecosystem expansion in 2025 under Ching's leadership.
The SEC has approved dual Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, enhancing institutional access to these major digital assets. This decision comes amid significant market volatility, with Bitcoin dropping below $96,000 and Ethereum falling to $3,440. Analysts predict that Litecoin may be the next candidate for ETF approval, while regulatory uncertainty lingers for Solana and XRP ETFs.
Franklin Templeton has filed for a dual crypto index ETF to track Bitcoin and Ether, coinciding with Bitcoin's stabilization at the critical $100K support level. Analysts predict that the SEC may approve this ETF alongside similar proposals from Bitwise and Hashdex in 2025, bolstered by recent regulatory appointments and a favorable market outlook. The proposed fund will focus solely on Bitcoin, Ether, cash, and cash equivalents, aiming to replicate the CF Institutional Digital Asset Index without engaging in staking or income-generating activities.
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