The SEC has approved an encryption index ETF mixed with BTC and Ethercoin, which is expected to be listed in January.

A few days ago, Bloomberg analyst Eric Balchunas, who predicted the emergence of a wave of Cryptocurrency ETFs in 2025, saw his first prediction come true! The U.S. Securities and Exchange Commission (SEC) has approved the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, which will initially hold BTC and Ether simultaneously.

(Bloomberg: Multiple Cryptocurrency ETFs Will Emerge by 2025)

The SEC has approved an encryption ETF that mixes BTC and Ether.

The US Securities and Exchange Commission (SEC) has approved the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, which will initially hold both Bitcoin (BTC) and Ethereum.

Balchunas expects these two ETFs to be launched in January. Their market weights are approximately 80% BTC and 20% ETH. It is worth noting that Hashdex and Franklin are the initial issuers, giving them a first-mover advantage. Bitwise has also applied, but is not on the approved list for this round.

encryption ETF scale has reached 1,350 billion US dollars, 2025 will be a crazy year

ETF Store President Nate Geraci is also looking forward to whether BlackRock or other issuers will take advantage of this opportunity to launch similar ETFs. He believes that these products are in demand for investment because advisors generally favor diversification.

Geraci said that there were no spot encryption ETFs a year ago, and now it is a $135 billion asset class, which is happening under the unfriendly SEC to encryption. He expects it to become crazy by 2025!

This article states that the SEC has approved an encryption index ETF that combines BTC and Ethereum, which is expected to be listed in January, as reported by ChainNews ABMedia.