The US Securities and Exchange Commission (SEC) has given its approval to Hashdex and Franklin Templeton to create ETFs based on Bitcoin and Ether indexes.
In a Dec. 19 notice, the SEC approved Hashdex's Nasdaq Crypto Index US ETF, which will trade on the Nasdaq. At the same time, it also gave the green light to the Franklin Crypto Index ETF, which will trade on the Cboe BZX exchange.
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Both ETFs will hold spot Bitcoin and Ether. The Franklin Crypto Index ETF tracks the Institutional Digital Asset Index, which tracks the performance of digital assets such as Bitcoin and Ether. Hashdex's Crypto Index ETF, meanwhile, includes Bitcoin and Ether in the Nasdaq Crypto US Settlement Price Index.
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The SEC approved Franklin Templeton's revised filing on an accelerated basis on Dec. 18.