US SEC approves Bitwise’s Bitcoin and Ethereum exchange-traded fund

The US Securities and Exchange Commission (SEC) has approved a new joint Bitcoin and Ethereum exchange-traded fund (ETF) from Bitwise, offering investors exposure to both digital assets in a single regulated product.

The Bitwise Bitcoin and Ethereum ETF, launched in partnership with the New York Stock Exchange (NYSE), will be weighted by market capitalization. 

The approval follows similar ETFs from Hashdex and Franklin Templeton, which were granted regulatory clearance just over a month ago. Hashdex’s Crypto Index ETF provides exposure to a broader basket of cryptocurrencies, while Franklin Templeton has yet to launch its product.

Bitwise’s approval comes amid a surge in crypto-related ETF filings, as firms look to capitalize on President Donald Trump’s administration, which has signaled a more lenient approach to regulation.

Several asset managers have rushed to file applications for ETFs tracking memecoins like Dogecoin (DOGE) and alternative cryptocurrencies like Solana (SOL).

Meanwhile, Coinbase has also made a move into the ETF space, filing earlier Thursday to list and trade futures products tied to Solana and Hedera.

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