Orhan 
The U.S. Securities and Exchange Commission (SEC) has made a historic decision for the crypto markets. The Hashdex Nasdaq Bitcoin and Ethereum Crypto Index ETF and the Franklin Crypto Index ETF have been officially approved.
What Does the Approval of Hashdex and Franklin ETFs Mean?
The SEC’s approval of the Hashdex and Franklin Nasdaq Bitcoin and Ethereum Crypto Index ETFs provides investors with an investment vehicle indexed to Bitcoin and Ethereum. These steps aim to facilitate institutional investors’ access to crypto markets.
ETFs (Exchange-Traded Funds) allow investors to invest in various assets with lower risk. These approvals demonstrate the growing acceptance of crypto assets in the financial world.
According to recent data, U.S. Bitcoin ETFs have seen uninterrupted investment inflows for 15 consecutive days. This trend clearly reflects investors’ trust and interest in Bitcoin. The SEC’s green light for the Hashdex and Franklin ETFs could accelerate these investments.
How Did Bitcoin’s Price React?
In recent hours, the cryptocurrency markets witnessed significant drops, with Bitcoin’s price falling below $96,000. Following the SEC’s approval, BTC saw a slight rebound, climbing back above the $98,000 level.
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