SEC Grants Accelerated Approval for Bitwise Bitcoin and Ethereum ETF
The U.S. Securities and Exchange Commission has approved a joint bitcoin and ether exchange-traded fund (ETF) from Bitwise, allowing investors to gain exposure to both assets through a regulated product.
- Bitwise's ETF provides exposure to spot bitcoin (https://holder.io/coins/btc/) and ethereum (https://holder.io/coins/eth/), weighted by market capitalization.
- This approval follows recent approvals for similar ETFs from Hashdex and Franklin Templeton.
- Hashdex's Crypto Index ETF offers a basket of cryptocurrencies.
- Franklin Templeton plans to launch its ETF in January.
- Increased ETF applications come amid expectations of a more favorable regulatory environment under the new U.S. administration.
- Recent filings include ETFs tracking memecoins like Dogecoin (https://holder.io/coins/doge/) and cryptocurrencies such as Solana (https://holder.io/coins/sol/).
- Coinbase has also filed to list futures products for Solana and Hedera.