The U.S. Securities and Exchange Commission (SEC) has officially approved dual Bitcoin and Ethereum exchange-traded funds (ETFs) from Hashdex and Franklin Templeton. This significant decision expands institutional access to the two largest cryptocurrencies through regulated investment vehicles.

The approved products include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF. Both ETFs will feature an 80/20 average weighting of Bitcoin and Ethereum, with potential for future additions to their portfolios. Franklin Templeton's updated filing received accelerated clearance due to compliance with existing commodity-based trust share standards.

Bloomberg analyst Eric Balchunas indicated that these ETFs are expected to launch in January, marking a pivotal moment for crypto investment options in mainstream finance. The SEC's approval reflects a gradual easing of tensions between regulators and the crypto community, paving the way for more diverse investment vehicles in the digital asset space.