US SEC Approves First Physical ETF Combining Bitcoin and Ethereum

The U.S. Securities and Exchange Commission (SEC) has approved the first physically-based exchange-traded index fund (ETF) combining Bitcoin and Ethereum, ushering in a new era for the cryptocurrency market.
With this approval, the Hashdex Nasdaq Crypto Index US ETF will be listed on Nasdaq (NASDAQ) and Franklin
The Templeton Crypto Index ETF is expected to be listed on the Chicago Board Options Exchange (CBOE).
"This is a big step forward for ETF investors," said Eric Bartuna, senior ETF analyst at Bloomberg.
The ETF will be composed of 80% Bitcoin and 20% Ethereum and is scheduled to be launched in January 2025. "The launch of a physical cryptocurrency ETF will contribute to the expansion of the cryptocurrency market.
"This decision by the SEC is a teaser for changes in the cryptocurrency ETF market and is drawing investor attention," he said.
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