While the cryptocurrency market wavers under the influence of high volatility, encouraging news brightens the horizon. The SEC, an American regulator often perceived as intransigent, has approved the first ETFs combining Bitcoin and Ethereum. A strategic advance that could well redefine institutional access to these digital assets.
A decisive step for institutional crypto-assets
The SEC (Securities and Exchange Commission), long perceived as the tough policeman of digital assets, has just broken the ice. Two ETFs (Exchange-Traded Funds) combining Bitcoin and Ethereum, developed by Hashdex and Franklin Templeton, have received its long-awaited approval.
This gesture marks a major step forward for institutional investors, providing simplified access to the two largest cryptocurrency giants.
The Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF now enrich the financial landscape. Franklin Templeton, with its legendary expertise in asset management, has navigated regulatory hurdles through strict compliance. For its part, Hashdex, already a key player in the crypto universe, is taking advantage of this approval to establish its credibility.
This decision does not arise in a vacuum. Crypto market volatility has recently reached new heights, with massive losses occurring in the span of 24 hours.
Bitcoin slipped below $96,000, while Ethereum fell to $3,440. Yet this announcement offers a glimmer of hope, reminding us that regulation and innovation can coexist.
A promising future or a battle still to come?
The approvals granted to Hashdex and Franklin Templeton are part of a broader trend.
Bloomberg analysts predicted these dual approvals, solidifying the idea that Bitcoin-Ethereum ETFs represent a strategic step for the sector.
But it also opens the door to other players. Litecoin, often perceived as “Bitcoin light”, could be next on the list.
With its positioning as a commodity and its characteristics derived from Bitcoin, analysts see it as a serious candidate.
However, all is not yet won. Assets like Solana and XRP remain mired in areas of regulatory uncertainty.
The SEC, under current leadership, is still hesitant to consider them eligible products. But a change of course could be on the horizon in 2025, if Paul Atkins, a supporter of more flexible regulation, were to take the reins.
For now, this approval is a strong signal: cryptos are no longer pariahs of the traditional financial system. They are moving towards institutional legitimacy. And while turbulence remains, the green light given to these ETFs shows that the crypto market is gaining ground, not just in wallets, but also in the corridors of power.
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