位比特币和以太坊ETF：数字资产的新时代

比特币和以太坊ETF将使投资者在单个基金中获得比特币和以太现货价格的曝光率，旨在反映这两种领先的加密货币的市值。

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.

比特币和以太坊ETF将使投资者在单个基金中获得比特币和以太现货价格的曝光率，旨在反映这两种领先的加密货币的市值。截至备案日期，该基金在比特币中加权83％，以太坊中的17％与每种资产的市值一致。

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将使用当前的循环用品来确定市值。这一举动将该基金定位为寻求通过ETF等传统金融工具来接触两种领先数字资产的投资者的主要选择。

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.

尽管SEC批准了该基金的19b-4表格，这是监管过程中的第一步，但在ETF正式启动之前，Bitwise仍然需要确保对S-1注册申请的批准。一旦获得批准，该ETF将允许投资者在无需直接持有基础资产的情况下交易比特币和以太坊的风险，从而为加密货币提供了更传统且可访问的途径。

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的决定不到两周后，在新任命一位加密货币友好的代理主席后，这可能表明监管对数字资产的态度发生了变化。唐纳德·特朗普（Donald Trump）当选后，比特韦（Bitwise）于11月向ETF提交了文书工作，其批准进一步强调了对主流金融内数字资产的越来越多。

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.

这一批准还遵循了其他最近对比特币和以太坊的ETF批准的脚步，包括Hashdex和Franklin Templeton的资金。这些批准是更广泛的趋势的一部分，加密ETF正在获得吸引力，潜在地允许机构和零售投资者到达机构和零售投资者。更容易访问加密货币。

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.

除了其旗舰比特币和以太坊ETF外，Bitwise还将其视为在下一个加密ETF的边界：Memecoins。 1月28日，该公司申请了Dogecoin ETF（Doge），旨在将这一流行的数字资产带入ETF折叠。随着加密货币的不断发展，Memecoin ETF可能会成为Dogecoin和Shiba Inu等硬币的粉丝的有趣投资工具，并利用了它们的受欢迎程度。

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.

尽管Bitwise继续扩展其ETF产品，但该行业中的其他参与者（例如Tuttle Capital）也一直在探索新的和创新的加密ETF产品。这些文件被视为测试SEC的限制，尤其是当越来越多的公司表达对推出杠杆和主题加密ETF的兴趣时。分析师预测，SEC可能会继续其谨慎的方法，仔细评估每个新文件的独特性质。

A New Era for Digital Assets

数字资产的新时代

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.

比特币和以太坊ETF的批准是迈向更广泛采用传统金融市场中加密货币的重要一步。根据比特方面的说法，目前的牛市可能会持续到2026年及以后，华盛顿拥有前所未有的数字资产。对加密ETF的越来越多地接受了通往主流加密采用的清晰途径，为投资者提供了一种更加安全和规范的方式，以使投资者接触到新兴的数字资产类别。

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.

随着加密货币市场的不断发展和成熟，诸如比特币和以太坊ETF之类的加密ETF的推出可能会推动机构和零售投资者的进一步创新和兴趣。对于那些希望参加这个快速扩展的市场的人来说，这些ETF的认可标志着数字资产未来的一个令人兴奋的新章节。