• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SEC Approves Bitcoin and Ethereum ETFs: What It Means for Investors

user avatar

by A1

4 hours ago


The U.S. Securities and Exchange Commission (SEC) has approved new spot-based ETFs for Bitcoin and Ethereum, presented by Hashdex and Franklin Templeton, aimed at institutional investors.

The Approved ETFs and Their Features

The SEC approved rule changes proposed by Nasdaq and Cboe BZX, allowing the listing and trading of these ETFs. The funds meet Exchange Act criteria, requiring measures to prevent fraud and protect investors. The Franklin Templeton Crypto Index ETF tracks the Institutional Digital Asset Index, including Bitcoin and Ethereum, while the Hashdex Nasdaq Crypto Index US ETF is linked to the Nasdaq Crypto US Settlement Price Index, also focused on Bitcoin and Ethereum. Both funds prioritize transparency, regulatory compliance, and investor protection. Hashdex plans to extend to other digital assets, such as XRP, in the future.

Industry Reactions

Popular ETF analyst Eric Balchunas noted that both ETFs are market cap-weighted, likely allocating around 80% to Bitcoin and 20% to Ethereum. Nate Geraci, president of The ETF Store, speculated that other companies like BlackRock might follow, stating that financial advisors eagerly anticipate such products to diversify portfolios. On social media, artist Chad Steingraber highlighted the potential inclusion of XRP in the Hashdex ETF, sparking interest among crypto enthusiasts.

Conclusion

The approval of Bitcoin and Ethereum ETFs elevates the institutional credibility of cryptocurrencies in the market, allowing traditional investors to safely diversify portfolios without directly handling volatile digital assets. This approach opens new avenues for financial advisors and their clients interested in cryptocurrencies.

The entry of SEC-approved Bitcoin and Ethereum ETFs into the market marks a significant development in the digital asset sector, offering more structured and regulated paths for investors.

0

Share

Other news

FTX Token Price Surge: Is Sam Bankman-Fried's Pardon Ahead?

FTX Token spikes 15% due to rumors of Joe Biden potentially pardoning Sam Bankman-Fried.

user avatarA1

15 minutes ago

Uniswap Introduces Unichain to Optimize Transactions

Uniswap announces the launch of Unichain, a Layer 2 solution using OP Stack infrastructure to enhance transactions.

user avatarA1

17 minutes ago

Daddy Pepe: New Solana Memecoin Anticipates Significant Growth

Daddy Pepe (DADDPEPE) is a new Solana memecoin expected to grow by 11,000% with upcoming exchange listings.

user avatarA1

17 minutes ago

Algorand and AAVE Showcase Growth Amid Bitcoin Instability

Interest in Algorand and AAVE rises while Bitcoin loses ground. We discuss trends and predictions.

user avatarA1

17 minutes ago

How MicroStrategy Surpassed Bitcoin Purchase Records of 2021

In November 2024, MicroStrategy surpassed 2021 Bitcoin purchase records, reaffirming its investment strategy.

user avatarA1

18 minutes ago

PEPE Price Prediction: Is 100x Growth Possible in a Month?

PEPE Coin: Analyzing recent price movements and the possibility of 100x growth.

user avatarA1

19 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.