位比特幣和以太坊ETF：數字資產的新時代

比特幣和以太坊ETF將使投資者在單個基金中獲得比特幣和以太現貨價格的曝光率，旨在反映這兩種領先的加密貨幣的市值。

The Bitwise Bitcoin and Ethereum ETF will give investors exposure to the spot price of Bitcoin and Ether within a single fund, designed to reflect the market capitalizations of these two leading cryptocurrencies. As of the filing date, the fund is weighted 83% in Bitcoin and 17% in Ethereum, aligning the allocation with the market capitalization of each asset.

比特幣和以太坊ETF將使投資者在單個基金中獲得比特幣和以太現貨價格的曝光率，旨在反映這兩種領先的加密貨幣的市值。截至備案日期，該基金在比特幣中加權83％，以太坊中的17％與每種資產的市值一致。

The ETF will track the spot prices of Bitcoin and Ethereum, using their current circulating supplies to determine market capitalization. This move positions the fund as a prime option for investors looking for exposure to both leading digital assets through a traditional financial vehicle like an ETF.

ETF將使用當前的循環用品來確定市值。這一舉動將該基金定位為尋求通過ETF等傳統金融工具來接觸兩種領先數字資產的投資者的主要選擇。

While the SEC has approved the fund’s Form 19b-4, which is the first step in the regulatory process, Bitwise still needs to secure approval for the Form S-1 registration application before the ETF can officially launch. Once approved, this ETF will allow investors to trade Bitcoin and Ethereum exposure without the need to directly hold the underlying assets, offering a more traditional and accessible route for crypto exposure.

儘管SEC批准了該基金的19b-4表格，這是監管過程中的第一步，但在ETF正式啟動之前，Bitwise仍然需要確保對S-1註冊申請的批准。一旦獲得批准，該ETF將允許投資者在無需直接持有基礎資產的情況下交易比特幣和以太坊的風險，從而為加密貨幣提供了更傳統且可訪問的途徑。

The SEC’s decision comes less than two weeks after the new appointment of a crypto-friendly acting chair, which may indicate a shift in regulatory attitudes toward digital assets. Bitwise filed its paperwork for the ETF back in November, following the election of Donald Trump, and its approval further underscores the growing acceptance of digital assets within mainstream finance.

SEC的決定不到兩週後，在新任命一位加密貨幣友好的代理主席後，這可能表明監管對數字資產的態度發生了變化。唐納德·特朗普（Donald Trump）當選後，比特韋（Bitwise）於11月向ETF提交了文書工作，其批准進一步強調了對主流金融內數字資產的越來越多。

This approval also follows in the footsteps of other recent ETF approvals for Bitcoin and Ethereum, including funds from Hashdex and Franklin Templeton on December 19. These approvals are part of a broader trend where crypto ETFs are gaining traction, potentially allowing institutional and retail investors to access cryptocurrencies more easily.

這一批准還遵循了其他最近對比特幣和以太坊的ETF批准的腳步，包括Hashdex和Franklin Templeton的資金。這些批准是更廣泛的趨勢的一部分，加密ETF正在獲得吸引力，潛在地允許機構和零售投資者到達機構和零售投資者。更容易訪問加密貨幣。

In addition to its flagship Bitcoin and Ethereum ETF, Bitwise is also setting its sights on the next frontier of crypto ETFs: memecoins. On January 28, the firm filed for a spot Dogecoin ETF (DOGE), aiming to bring this popular digital asset into the ETF fold. As cryptocurrency continues to evolve, memecoin ETFs could become an intriguing investment vehicle for fans of coins like Dogecoin and Shiba Inu, capitalizing on their popularity.

除了其旗艦比特幣和以太坊ETF外，Bitwise還將其視為在下一個加密ETF的邊界：Memecoins。 1月28日，該公司申請了Dogecoin ETF（Doge），旨在將這一流行的數字資產帶入ETF折疊。隨著加密貨幣的不斷發展，Memecoin ETF可能會成為Dogecoin和Shiba Inu等硬幣的粉絲的有趣投資工具，並利用了它們的受歡迎程度。

While Bitwise continues to expand its ETF offerings, other players in the industry, such as Tuttle Capital, have also been exploring new and innovative crypto ETF products. These filings are seen as testing the SEC’s limits, especially as more firms express interest in launching leveraged and thematic crypto ETFs. Analysts predict that the SEC is likely to continue its cautious approach, carefully assessing the unique nature of each new filing.

儘管Bitwise繼續擴展其ETF產品，但該行業中的其他參與者（例如Tuttle Capital）也一直在探索新的和創新的加密ETF產品。這些文件被視為測試SEC的限制，尤其是當越來越多的公司表達對推出槓桿和主題加密ETF的興趣時。分析師預測，SEC可能會繼續其謹慎的方法，仔細評估每個新文件的獨特性質。

A New Era for Digital Assets

數字資產的新時代

The approval of the Bitwise Bitcoin and Ethereum ETF represents a major step toward the broader adoption of cryptocurrencies within traditional financial markets. The current bull market, according to Bitwise, could continue into 2026 and beyond, with Washington embracing digital assets like never before. The growing acceptance of crypto ETFs signals a clear path toward mainstream crypto adoption, offering a more secure and regulated way for investors to gain exposure to the burgeoning digital asset class.

比特幣和以太坊ETF的批准是邁向更廣泛採用傳統金融市場中加密貨幣的重要一步。根據比特方面的說法，目前的牛市可能會持續到2026年及以後，華盛頓擁有前所未有的數字資產。對加密ETF的越來越多地接受了通往主流加密採用的清晰途徑，為投資者提供了一種更加安全和規範的方式，以使投資者接觸到新興的數字資產類別。

As the cryptocurrency market continues to evolve and mature, the launch of crypto ETFs like the Bitwise Bitcoin and Ethereum ETF is likely to drive further innovation and interest from both institutional and retail investors. For those looking to take part in this rapidly expanding market, the approval of these ETFs marks an exciting new chapter in the future of digital assets.

隨著加密貨幣市場的不斷發展和成熟，諸如比特幣和以太坊ETF之類的加密ETF的推出可能會推動機構和零售投資者的進一步創新和興趣。對於那些希望參加這個快速擴展的市場的人來說，這些ETF的認可標誌著數字資產未來的一個令人興奮的新章節。