US SEC approves Hashdex and Franklin Crypto Index ETF listing applications

Documents released by the U.S. Securities and Exchange Commission (SEC) show that it has approved the listing applications of Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF. The two ETFs will hold both Bitcoin and Ethereum spot, determine the allocation ratio based on the free float of market capitalization, and will be listed and traded on Nasdaq and Cboe BZX exchanges respectively. The SEC pointed out in the approval document that the CME Bitcoin and Ethereum futures markets are highly correlated with the spot market, and the comprehensive regulatory sharing agreement between Nasdaq and Cboe BZX and CME can effectively monitor and prevent market manipulation. The two ETFs must comply with strict information disclosure requirements, including updating the fund reference net value every 15 seconds and publishing information such as net asset value on the exchange website.