The US Securities and Exchange Commission (SEC) has approved the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF for trading in the public market.
Nasdaq submitted an updated proposal for the Hashdex crypto index ETF in September, following its initial filing in May, and it will trade on the Nasdaq stock market.
Franklin Templeton's crypto index ETF has received 'accelerated approval' from the SEC and will trade on the Cboe BZX Exchange.
The approval of these ETFs validates speculations of a new wave of ETFs and could attract more institutional investors to the cryptocurrency market.