The U.S. SEC has approved proposed rule changes by Nasdaq and Cboe BZX to list and trade the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. This approval allows for accelerated processing for the Franklin ETF. Both ETFs will provide exposure to crypto assets. The SEC determined that the proposed changes are consistent with the Exchange Act and regulations, designed to prevent fraud and manipulation, protect investors, and serve the public interest. The approval is based on the high correlation between CME futures markets and the spot markets for Bitcoin and Ether, and surveillance-sharing agreements with the CME. The proposals aim to promote fair and transparent trading, prevent manipulation, and protect investors.
- Content Editor ( cryptonewsz.com )
- 2024-12-20
SEC Approves Nasdaq, Cboe BZX Rule for Crypto Index ETFs