SEC Approves Dual Bitcoin-Ethereum ETFs from Hashdex and Franklin Templeton

SEC has expanded institutional access to the two largest digital assets, Bitcoin and Ethereum, by approving the dual Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton. The approvals include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF. Franklin Templeton's updated application submitted earlier today received expedited approval due to compliance with current commodity-based trust share standards. These approvals are in line with recent Bloomberg analyst forecasts regarding dual Bitcoin-Ethereum ETF authorizations. Looking ahead, analysts suggest that Litecoin may be the next candidate for ETF approval, considering its status as a Bitcoin fork and potential classification as a commodity. Meanwhile, regulatory uncertainty continues to cast doubt on the potential approval of Solana and XRP ETFs. A potential leadership change at the SEC under Paul Atkins in 2025 could create more favorable conditions for crypto ETF approvals.