American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Bitwise’s Bitcoin and Ethereum ETF gets initial green light from SEC

by admin January 31, 2025
January 31, 2025
Bitwise’s Bitcoin and Ethereum ETF gets initial green light from SEC

The US Securities and Exchange Commission (SEC) has approved a key part of an application for a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum, the two largest cryptocurrencies.

Bitwise Asset Management’s Bitcoin and Ethereum ETF aims to provide investors with exposure to both digital assets, weighted by their respective market capitalizations. The fund’s structure will be similar to existing ETFs that directly hold either Bitcoin or Ether.

The SEC has approved the fund’s 19b-4 filing, an essential step in the approval process. However, Bitwise still requires the SEC’s clearance for its S-1 registration application, which is necessary before trading can commence.

Bitwise Bitcoin and Ethereum ETF

The “Bitwise Bitcoin and Ethereum ETF” will offer exposure to Bitcoin (BTC) and Ether (ETH) in a single fund, weighted by their relative market capitalizations—83% BTC and 17% ETH as of the filing date.

The ETF will determine market capitalisation by multiplying pricing benchmarks by circulating supply, according to the filing.

Approval comes less than two weeks after a crypto-friendly acting chair took over the SEC.

Commissioner Mark Uyeda took over as acting head of the SEC while the agency awaits Senate confirmation of President Donald Trump’s nominee for the permanent role, Paul Atkins.

Bitwise Investment Advisers will manage the fund, with Coinbase providing custody and Bank of New York Mellon serving as the cash custodian, administrator, and transfer agent.

Crypto ETFs boom after Trump’s return

Bitwise submitted the application for the dual crypto ETF in November, shortly after the US presidential election.

The election saw Donald Trump, who has expressed a more favorable stance toward the cryptocurrency industry, return to office.

The administration has pledged to introduce supportive regulations to position the US as a leading hub for digital assets.

The SEC has received increasing numbers of ETF proposals from investment firms seeking to expand the range of crypto-based financial products.

Bloomberg analyst Nathan Dean noted that issuers are “probing the SEC’s boundaries,” with some firms even filing applications for ETFs based on meme coins.

Bitwise has proposed an ETF tracking Dogecoin, a cryptocurrency known for its volatile price movements influenced by social media trends.

Additionally, the SEC has received applications for ETFs tracking assets like XRP, Solana, and Litecoin, which claim to offer various forms of utility beyond speculation.

The launch of US-based Bitcoin ETFs in early 2024 was met with strong investor interest.

The group of ETFs investing directly in Bitcoin—including one from Bitwise—has accumulated more than $121 billion in total assets.

Ether-based ETFs followed later, with more than $11 billion in assets under management so far.

The strong demand for these products reflects the growing role of cryptocurrencies in investment portfolios, despite ongoing debates over their classification and long-term value proposition.

The post Bitwise’s Bitcoin and Ethereum ETF gets initial green light from SEC appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
AI cryptos recover as DeepSeek hype fades: what’s next for iDEGEN price?
next post
Samsung’s Q4 operating profit grew 130% in Q4: why shares slipped over 2%?

Related Posts

Europe markets open: stocks mostly up; Shell denies...

June 26, 2025

UnitedHealth scraps Medicare Advantage commissions: will UNH stock...

June 18, 2025

Crude oil missing catalyst to lift prices; what’s...

December 21, 2024

Citigroup shifts compliance work for 800 staff after...

September 16, 2024

Oscar Mayer is launching a plant-based hot dog

March 8, 2024

Panasonic to slash 10,000 jobs in 2025 amid...

May 10, 2025

PepsiCo nearing $1 billion acquisition deal for Siete...

October 1, 2024

Here’s why Nifty 50 index could surge despite...

March 28, 2025

China mulls TikTok US sale to Elon Musk...

January 14, 2025

Consumers await key inflation data as hopes for...

February 14, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved