The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure
The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.
The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.
Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization. NYSE Arca filed a 19b-4 form with the SEC last November.
The approval comes as asset management firms have filed a flurry of crypto-related ETF applications in recent days, seeking to take advantage of new U.S. President Donald Trump's administration's promised lighter touch on regulatory issues.
Companies have filed for ETFs tracking the price of memecoins like Dogecoin (DOGE) and cryptocurrencies like Solana (SOL).
Earlier Thursday, Coinbase also filed to list and trade futures products tracking Solana and Hedera.
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