The new ETF lets investors gain exposure to both Bitcoin and Ethereum, weighted by market capitalization.
SEC Greenlights Bitwise Bitcoin and Ethereum ETF
The U.S. Securities and Exchange Commission has approved the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF), allowing investors to access both cryptocurrencies in one regulated financial product.
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Dual Exposure in a Single Fund
The ETF, launched with the New York Stock Exchange, provides exposure to spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization. NYSE Arca filed a 19b-4 form with the SEC in November.
Follows Previous Approvals
Bitwise’s ETF approval follows the SEC’s recent acceptance of similar products from Hashdex and Franklin Templeton. Hashdex offers a diversified crypto index ETF, while Franklin Templeton plans to launch its product soon.
Regulatory Shift Under New Administration
Asset managers have rushed to file crypto-related ETFs amid expectations of looser regulations under U.S. President Donald Trump’s administration.
Growing Interest in Crypto ETFs
Companies have also applied for ETFs tracking memecoins like Dogecoin (DOGE) and cryptocurrencies like Solana (SOL).
Coinbase Expands Crypto Offerings
Coinbase filed to list and trade futures products tied to Solana and Hedera earlier the same day, reflecting growing interest in diversified crypto investment products.
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