SEC Permitted Bitwise Bitcoin (BTC) and Ethereum (ETH) ETF

The U.S. Securities and Change Fee authorized one other joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting traders achieve publicity to the 2 digital belongings in a single regulated monetary product.

The SEC introduced it had granted accelerated approval to Bitwise’s Bitcoin and Ethereum ETF, simply over a month after approving comparable merchandise filed by Hashdex and Franklin Templeton. Hashdex’s Crypto Index ETF offers traders publicity to a basket of various cryptocurrencieswhereas Franklin Templeton stated it will launch its product someday in January.

Bitwise’s product, launched with the New York Inventory Change, offers traders publicity to each spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization. NYSE Arca filed a 19b-4 type with the SEC final November.

Asset administration corporations have filed a flurry of crypto-related ETF functions in current days, looking for to benefit from new U.S. President Donald Trump’s administration’s promised lighter contact on regulatory points.

Corporations have filed for ETFs monitoring the value of memecoins like Dogecoin (DOGE) and cryptocurrencies like Solana (SOL).

Earlier Thursday, Coinbase additionally filed to listing and commerce futures merchandise monitoring Solana and Hedera.

UPDATE (Jan. 31, 2025, 01:21 UTC): Provides further element.