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The crypto market, valued over $3.2 trillion, is poised for significant growth, with analysts highlighting Chainlink, Ripple, and Solana as strong contenders. PlutoChain's innovative Layer-2 technology aims to enhance Bitcoin's functionality, while Chainlink targets $54 by July 2025, and Ripple could reach $5 amid potential ETF approvals. Despite recent dips, the community remains optimistic about long-term gains.
The U.S. Securities and Exchange Commission (SEC) has approved the first dual Bitcoin-Ethereum exchange-traded funds (ETFs), allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF, expected to launch early next year. These funds will hold approximately 80% Bitcoin and 20% Ethereum, enhancing market integrity through surveillance-sharing agreements. This approval signals a more receptive environment for innovative crypto products, potentially paving the way for additional multi-asset ETFs in the future.
SEC Commissioner Hester Peirce anticipates early changes for crypto ETFs, including staking for Ethereum and in-kind redemptions for Bitcoin, under new leadership. With a favorable majority among Commissioners, discussions on these improvements are expected to accelerate, potentially leading to a wave of new crypto ETF approvals next year. Recent approvals for hybrid ETFs by Hashdex and Franklin Templeton signal a positive shift in the regulatory landscape.
The U.S. Securities and Exchange Commission has approved the first crypto index ETFs from Hashdex and Franklin Templeton, set to launch in January. These funds will hold approximately 80% Bitcoin and 20% Ether, with BitGo and Coinbase as custodians. This approval marks a significant milestone in the growing U.S. crypto ETF market, which has seen over $36 billion in net inflows since January.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
The US SEC has approved the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. These ETFs will track Bitcoin and Ethereum, with holdings based on market capitalizations, and are expected to launch in January. This approval signals a progressive regulatory approach to cryptocurrency, potentially stabilizing the market amid recent volatility.
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 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 the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
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.
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