SEC Greenligths Two Crypto ETFs
The US Securities and Exchange Commission (SEC) has greenlit two Bitcoin/Ether combo exchange-traded funds (ETFs) proposed by Hashdex and Franklin Templeton.
The approval order stated that these products are “substantially similar” to the existing spot-based Bitcoin and Ethereum ETFs that were approved by the agency earlier this year.
Nate Geraci, president of The ETF Store, said that it would be interesting to see if other issuers, including financial titan BlackRock, will attempt to launch similar products following the SEC’s recent approval.
The expert has predicted that there is going to be significant demand for these products,…
