The U.S. Securities and Exchange Commission (SEC) has preliminarily approved the Bitwise exchange-traded fund (ETF) based on Bitcoin and Ethereum. This information appeared on the regulator's website.$BTC $ETH $XRP

The Bitwise ETF will include both spot Bitcoin and Ethereum, as well as cash. The approval was granted on an 'accelerated' basis, confirming compliance with U.S. legislation aimed at protecting investors and preventing fraud. To launch the Bitwise instrument, it remains to secure approval for its S-1 application.

Against the backdrop of Trump's rise to power, several companies have filed applications to create cryptocurrency ETFs in the U.S.#MicroStrategyAcquiresBTC #BTCBullRun2025 #SOLETFsOnTheHorizon #MicroStrategyAcquiresBTC #ETFvsBTC