ETF Store President Nate Geraci posted on the social media platform X yesterday (20th) stating that after nearly half a year of review, the U.S. Securities and Exchange Commission (SEC) has finally approved the Bitcoin and Ethereum hybrid ETFs issued by Hashdex (Hashdex Nasdaq Crypto Index US ETF) and Franklin Templeton (Franklin Crypto Index ETF).
Bloomberg Analyst: Expected to List in January
According to the report by Decrypt, according to SEC documents, the Hashdex Nasdaq Crypto Index US ETF will be listed and traded on the Nasdaq, while the Franklin Crypto Index ETF will be listed on the Cboe BZX Exchange. At the same time, the proportion of Bitcoin and Ethereum held by these two hybrid ETF products will be calculated based on the free-float market capitalization. In addition, the SEC has also stipulated that these two products must continuously meet the listing requirements and maintain transparency in their investment portfolio and pricing, otherwise they will be required to delist.
Additionally, the senior ETF analyst at Bloomberg also predicted that these two products are expected to officially list and trade in January next year, with a 80% allocation to BTC and a 20% allocation to ETH in the hybrid investment, reflecting their current market capitalization.
ETF Store President: Huge Market Demand
In this regard, ETF Store President Nate Geraci further stated that he expects this type of product to have a lot of demand in the future, as investors like diversified investment portfolios. At the same time, after the launch of these two products, it will be interesting to see if other asset management giants like BlackRock will also launch similar products, as the SEC has expressed satisfaction with the current application documents:
It will be interesting to see if BlackRock or others try to launch similar products.
In any case, I expect these products to have huge market demand.
Advisors like diversification, especially in emerging asset classes like Crypto.
It is also worth mentioning that as early as June this year, Bloomberg analyst James Seyffart also commented stating that the launch of such products in the U.S. would be "significant".
