Bitwise Spot Bitcoin and Ethereum ETF Gets SEC Approval, Expanding Crypto Investment Options
The U.S. Securities and Exchange Commission (SEC) has approved Bitwise’s spot Bitcoin and Ethereum exchange-traded fund (ETF), allowing investors to gain direct exposure to both leading cryptocurrencies within a single regulated product.
The approval comes shortly after the SEC greenlit similar ETFs from Hashdex and Franklin Templeton. Bitwise’s ETF, developed in partnership with the New York Stock Exchange (NYSE), will be weighted based on market capitalization, ensuring a balanced allocation between Bitcoin (BTC) and Ethereum (ETH). The filing was initially submitted to the SEC in November via NYSE Arca.
With a more favorable regulatory environment under President Donald Trump’s administration, firms have been ramping up crypto ETF applications. Recent filings include proposals for ETFs tracking Solana (SOL), Dogecoin (DOGE), and other emerging digital assets.
Additionally, Coinbase has moved to expand its derivatives offerings, submitting paperwork to list futures contracts for Solana and Hedera. The latest developments signal a growing institutional demand for crypto-based financial products.
