TechFlow reported on December 20 that according to documents released by the U.S. Securities and Exchange Commission (SEC), the SEC has approved the listing applications for the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. These two ETFs will hold spot positions in both Bitcoin and Ethereum, with allocation ratios determined by free-float market capitalization, and will be listed on the Nasdaq and Cboe BZX exchanges.
In its approval order, the SEC noted that the CME Bitcoin and Ethereum futures markets are highly correlated with the spot markets, and comprehensive regulatory sharing agreements between Nasdaq and Cboe BZX with CME can effectively monitor and prevent market manipulation. The two ETFs must comply with strict disclosure requirements, including updating their fund reference net asset value every 15 seconds and publishing net asset values on their exchange websites.
