The approvals cover the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF.
Franklin Templeton’s updated filing, submitted earlier today, received accelerated clearance due to compliance with existing commodity-based trust share standards.
The regulatory green light comes during significant market turbulence, with over $1 billion in crypto liquidations occurring within 24 hours, according to CoinGlass data.
During this period, Bitcoin dropped more than 8% from yesterday’s high of $105,000 to below $96,000.
Ethereum fell about 15% from its peak, trading at $3,440, while Solana experienced a similar 15% decline, now trading at $196.
The approvals align with recent Bloomberg analyst predictions about dual Bitcoin-Ethereum ETF authorizations.
Looking ahead, analysts also suggest Litecoin could be the next candidate for ETF approval, given its status as a Bitcoin fork and potential classification as a commodity.
Meanwhile, regulatory uncertainty continues to cast doubt over the potential approval of Solana and XRP ETFs.
A potential leadership change at the SEC in 2025 under Paul Atkins may create more favorable conditions for crypto ETF approvals.
