The SEC has officially approved the first dual Bitcoin-Ethereum exchange-traded funds (ETFs), allowing Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the Cboe BZX Exchange to list the Franklin Crypto Index ETF. This decision comes after multiple review extensions, and it reflects a shift in the regulatory stance towards crypto investments. The ETFs will feature a blend of Bitcoin and Ethereum, proportioned based on their market capitalizations, with initial estimates suggesting an 80% Bitcoin and 20% Ethereum split. These ETFs are expected to launch in January, subject to compliance with listing requirements. The favorable approval indicates that the SEC is increasingly open to diversified assets in regulated financial products, as long as they adhere to the established market standards. This development comes amid ongoing significant activity in the crypto ETF markets, with investors showing keen interest in such diversified options. The approval paves the way for more hybrid asset offerings in the future, contributing to the growth of regulated cryptocurrency products in the financial landscape.

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