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SEC approves new Bitcoin and Ethereum ETFs to boost investment demand

The SEC approved two new ETFs from Hashdex and Franklin Templeton. These funds will track Bitcoin and Ether prices, providing improved opportunities for investors in the cryptocurrency market.

Hashdex’s Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF will trade on Nasdaq and Cboe. They focus on Bitcoin and Ethereum spot markets to attract more investors.

This approval indicates growing interest, potentially encouraging MAJOR firms like BlackRock to release similar products, fulfilling the rising demand for cryptocurrency investments due to diversification advantages.

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