Securities exchange NYSE Arca has also expressed interest in listing a Grayscale crypto index ETF holding a diverse basket of spot crypto but has yet to receive approval.
The United States Securities and Exchange Commission (SEC) has given the green light to Hashdex and Franklin Templeton’s respective Bitcoin and Ether index exchange-traded funds (ETFs).
In a Dec. 19 notice, the SEC approved Hashdex’s Nasdaq Crypto Index US ETF, which will trade on the Nasdaq stock market. At the same time, the regulator approved the separate Franklin Crypto Index ETF, which is destined for the Cboe BZX Exchange.
Both indexes will hold spot Bitcoin (BTC) and spot Ether (ETH). The Franklin Crypto Index ETF tracks the Institutional Digital Asset Index, a benchmark designed to represent the performance of digital assets such as Bitcoin and Ether, and Hashdex’s Crypto Index ETF will track Bitcoin and Ether, which are included in the Nasdaq Crypto US Settlement Price Index.
The SEC has given approval for Hashdex and Franklin Templeton to list and trade shares of their separate crypto index ETFs. Source: SEC
The SEC said Franklin Templeton’s updated Dec. 18 filing was approved on an “accelerated basis.”
