The U.S. Securities and Trade Fee accredited one other joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting buyers acquire 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 provides buyers publicity to a basket of various cryptocurrencies, whereas Franklin Templeton stated it will launch its product someday in January.
Bitwise’s product, launched with the New York Inventory Trade, provides buyers publicity to each spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization. NYSE Arca filed a 19b-4 kind with the SEC final November.
Asset administration corporations have filed a flurry of crypto-related ETF purposes in latest days, searching for to benefit from new U.S. President Donald Trump’s administration’s promised lighter contact on regulatory points.
Firms have filed for ETFs monitoring the value of memecoins like Dogecoin (DOGE) and cryptocurrencies like Solana (SOL).
Earlier Thursday, Coinbase additionally filed to checklist and commerce futures merchandise monitoring Solana and Hedera.
UPDATE (Jan. 31, 2025, 01:21 UTC): Provides extra element.