After a series of extended reviews since June of this year, the Securities and Exchange Commission has finally given approval for the first exchange-traded funds to combine Bitcoin and Ethereum.
These funds, the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, have been authorized for listing on Nasdaq and Cboe BZX Exchange, respectively.
According to the filing released on Thursday, the trusts will hold a balance of bitcoin and ether based on their free-float market capitalizations.
Bloomberg ETF analyst Eric Balchunas predicts the funds will launch in January with a distribution of approximately 80% for bitcoin and 20% for ethereum, reflecting their current market capitalizations.
