SEC Approves Bitwise Spot Bitcoin and Ethereum ETF

SEC Approves Bitwise Spot Bitcoin and Ethereum ETF

SEC Approves Bitwise Bitcoin and Ethereum ETF, Expanding Crypto Investment Options

The U.S. Securities and Exchange Commission (SEC) has approved the launch of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF), allowing investors to gain exposure to both spot bitcoin (BTC) and ethereum (ETH) in a single, regulated financial product.

The fund, developed in partnership with the New York Stock Exchange (NYSE), weights its holdings based on market capitalization. NYSE Arca had originally filed a 19b-4 form with the SEC in November, paving the way for this approval.

This approval marks the latest in a series of crypto-related ETFs granted regulatory clearance. Just over a month ago, the SEC approved similar products from Hashdex and Franklin Templeton. Hashdex’s Crypto Index ETF provides exposure to a diversified selection of cryptocurrencies, while Franklin Templeton’s product is expected to launch soon.

The move comes amid a surge in crypto ETF applications, with asset management firms racing to introduce products that align with the evolving regulatory landscape under President Donald Trump's administration. His administration has signaled a more relaxed approach to financial regulation, prompting companies to file for ETFs tied to a range of digital assets, including memecoins like Dogecoin (DOGE) and altcoins such as Solana (SOL).

In a separate development, Coinbase filed earlier on Thursday to list and trade futures contracts linked to Solana and Hedera (HBAR), further underscoring the growing interest in expanding crypto investment options.

The approval of the Bitwise Bitcoin and Ethereum ETF is expected to attract both institutional and retail investors looking for direct exposure to the two largest cryptocurrencies through a traditional financial vehicle. As the market for crypto ETFs continues to expand, analysts anticipate further product launches and increased mainstream adoption of digital assets.

SEC Approves Bitwise Bitcoin and Ethereum ETF, Expanding Crypto Investment Options

The U.S. Securities and Exchange Commission (SEC) has approved the launch of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF), allowing investors to gain exposure to both spot bitcoin (BTC) and ethereum (ETH) in a single, regulated financial product.

The ETF, developed in collaboration with the New York Stock Exchange (NYSE), is designed to track the market capitalization-weighted performance of bitcoin and ethereum, the two largest cryptocurrencies by market value. NYSE Arca had filed a 19b-4 form with the SEC in November, setting the stage for this approval.

This decision follows a broader trend of increasing regulatory acceptance of crypto-based investment products. Just over a month ago, the SEC approved similar ETFs from Hashdex and Franklin Templeton. Hashdex’s Crypto Index ETF provides diversified exposure to multiple cryptocurrencies, while Franklin Templeton has announced plans to launch its own crypto ETF in the near future.

The approval of the Bitwise ETF is expected to generate significant interest among institutional and retail investors alike. By offering direct access to bitcoin and ethereum within a traditional financial framework, the fund provides a regulated and accessible avenue for those looking to invest in digital assets without directly holding or managing cryptocurrencies.

Market analysts view this approval as a positive step for the broader crypto industry, which has been seeking greater regulatory clarity and institutional adoption. Some experts predict that the introduction of more bitcoin and ethereum ETFs will enhance liquidity, reduce market volatility, and contribute to further price appreciation for these digital assets.

The move also comes amid a wave of new ETF applications from asset management firms, many of which are looking to capitalize on what they perceive as a more favorable regulatory environment under President Donald Trump's administration. In recent weeks, firms have filed proposals for ETFs linked to a variety of cryptocurrencies, including memecoins like Dogecoin (DOGE) and alternative blockchain networks such as Solana (SOL).

In addition to ETF developments, Coinbase—one of the largest cryptocurrency exchanges—filed a request earlier on Thursday to list and trade futures contracts tied to Solana (SOL) and Hedera (HBAR), signaling a broader push toward regulated crypto derivatives.

With the SEC’s approval of the Bitwise Bitcoin and Ethereum ETF, industry participants are watching closely to see whether additional crypto-based funds will receive regulatory clearance in the coming months. Many believe that continued institutional adoption of digital assets through ETFs could mark a turning point for the crypto market, fostering greater mainstream acceptance and financial integration.

As the regulatory landscape continues to evolve, investors and market participants remain eager to see how the growing ETF sector will shape the future of cryptocurrency investments in traditional finance.