{"id":19753,"date":"2024-12-20T14:00:00","date_gmt":"2024-12-20T12:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/sec-approves-first-hybrid-bitcoin-and-ethereum-etfs\/"},"modified":"2024-12-20T14:00:00","modified_gmt":"2024-12-20T12:00:00","slug":"sec-approves-first-hybrid-bitcoin-and-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-approves-first-hybrid-bitcoin-and-ethereum-etfs\/","title":{"rendered":"SEC Approves First Hybrid Bitcoin and Ethereum ETFs"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC)<a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nasdaq\/2024\/34-101998.pdf\"> has approved<\/a> the first spot exchange-traded funds (ETFs) combining Bitcoin and Ethereum. The issuers are Hashdex and Franklin Templeton.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe asset allocation will be based on free-float market capitalisation,\u201d<\/em> the document states.<\/p>\n<\/blockquote>\n<p>In June, the Nasdaq exchange, on behalf of Hashdex, submitted an application to the regulator to launch the Hashdex<a href=\"https:\/\/forklog.com\/en\/news\/hashdex-proposes-dual-bitcoin-and-ethereum-etf\"> Nasdaq Bitcoin &#038; Ethereum ETF<\/a>.<\/p>\n<p>In August, Franklin Templeton took a similar step regarding the<a href=\"https:\/\/forklog.com\/en\/news\/franklin-templeton-files-s-1-for-dual-crypto-etf\"> Franklin Crypto Index ETF<\/a>.<\/p>\n<p>Bloomberg analyst James Seyffart noted the \u201cgreat sense\u201d in a \u201cmarket cap-weighted ETF.\u201d<\/p>\n<p>His colleague Eric Balchunas predicted the launch of both instruments in January with Bitcoin and Ethereum shares at ~80% and ~20%, reflecting the current combined market value of the assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The spot bitcoin\/ether combo ETFs have been approved by SEC (as predicted). Launch likely in January. They\u2019re mkt cap weight so 80\/20 btc\/eth approx. Notable that Hashdex &#038; Frankie are first. Good for them. <a href=\"https:\/\/t.co\/o2ri3XpqZi\">https:\/\/t.co\/o2ri3XpqZi<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1869902611568025678?ref_src=twsrc%5Etfw\">December 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Issuers are required to maintain portfolio transparency and pricing. Both exchanges will monitor compliance and may initiate delisting procedures if these requirements are not met.<\/p>\n<p>The ETFs received approval amid the excitement surrounding BTC-ETF and ETH-ETF. Since their<a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\"> launch in January<\/a>, the former attracted <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">$36.33 billion<\/a>, and the latter <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">$2.4 billion<\/a> in less than five months<a href=\"https:\/\/forklog.com\/en\/news\/ethereum-spot-etfs-debut-with-1-billion-trading-volume\"> after registration<\/a>.<\/p>\n<p>On December 19, the continuous inflows into BTC-ETF and ETH-ETF were interrupted after 18 and 15 days, respectively. The outflow amounted to $680 million for the former and $60.5 million for the latter.<\/p>\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"248298\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1372.webp\" alt=\"1-1372\" class=\"wp-image-248298\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"248299\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-984.webp\" alt=\"2-984\" class=\"wp-image-248299\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<\/figure>\n<p>Nate Geraci, President of The ETF Store, suggested that following Hashdex and Franklin Templeton, other companies, including BlackRock, might launch spot combined Bitcoin and Ethereum ETFs.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Will be interesting to see if BlackRock or others attempt to piggyback on this &#038; launch similar ETFs\u2026<\/p>\n<p>Regardless, I expect there will be meaningful demand for these products.<\/p>\n<p>Advisors LOVE diversification.<\/p>\n<p>Especially in an emerging asset class such as crypto.<\/p>\n<p>\u2014 Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1869883799049290140?ref_src=twsrc%5Etfw\">December 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cI expect significant demand for these products. Advisors love diversification. Especially in an emerging asset class like cryptocurrencies,\u201d<\/em> the expert explained.<\/p>\n<\/blockquote>\n<p>According to Sygnum&#8217;s calculations, every $1 billion inflow into BTC-ETF pushes Bitcoin up by 3-6%.<\/p>\n<p>Previously, YouHodler exchange executive Ruslan Lienkha pointed to the prospects of including staking in Ethereum-ETF. Bernstein shares this view.<\/p>\n<p>Some experts believe that the success of ETH-ETF could propel the second-largest cryptocurrency to a new all-time high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has approved the first spot exchange-traded funds (ETFs) combining Bitcoin and Ethereum. The issuers are Hashdex and Franklin Templeton. \u201cThe asset allocation will be based on free-float market capitalisation,\u201d the document states. In June, the Nasdaq exchange, on behalf of Hashdex, submitted an application to the regulator to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,46,1383,1594,1145],"class_list":["post-19753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-ethereum","tag-franklin-templeton","tag-hashdex","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19753"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19752"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}