The U.S. Securities and Exchange Commission (SEC) has just expedited the approval process for the combined Bitcoin-Ethereum ETF from #Bitwise , allowing this fund to list and trade on the NYSE Arca. This is an important move, indicating increasing acceptance of cryptocurrency under the new administration.

Combined Bitcoin & Ethereum ETF – A Convenient Choice for Investors

Bitwise's new ETF will provide investors direct access to both Bitcoin (BTC) and Ethereum (ETH) in the same product, with the current allocation ratio being 83% Bitcoin and 17% Ethereum.

This fund will be overseen by Coinbase Custody, and the net asset value (NAV) will be calculated daily based on real-time trading data from major exchanges.

Signs the SEC is More Open to Crypto?

The SEC's quick approval of Bitwise's ETF shows a new trend: the agency is becoming more friendly towards cryptocurrency investment products.

Previously, the SEC approved ETFs from Hashdex and Franklin Templeton, allowing listing on #NASDAQ and Cboe BZX by the end of 2024.

Bloomberg's senior ETF analyst, Eric Balchunas, commented that:

"I really want to believe that the new SEC will process things faster, but I still can't be sure."

Bitwise Accelerates Crypto ETF Products

Not stopping at Bitcoin and Ethereum, Bitwise is aggressively expanding its crypto ETF portfolio:

  • October 2024: Filing for XRP ETF approval

  • November 2024: Submitting Solana ETF ($SOL )

  • January 2025: Proposing Dogecoin ETF ($DOGE ) to ride the wave of interest in meme tokens

The company believes that the market is entering a new growth cycle thanks to open policies from Washington, which could last until 2026 and beyond.

One More Step Before the ETF Officially Trades

Although it has passed the 19b-4 hurdle, Bitwise's Bitcoin-Ethereum ETF still needs SEC approval for the S-1 form before it officially trades.

This is the final step to ensure the fund fully complies with transparency and investor protection regulations.

Currently, the price of Bitcoin is down slightly by 0.2% to $104,331, while Ethereum is up 1.2% to $3,234, according to data from #CoinGecko .