SEC Approves Bitwise Bitcoin and Ethereum ETF

The U.S. Securities and Exchange Commission has approved a filing from NYSE Arca to list and trade shares for Bitwise’s combined Bitcoin and Ethereum exchange-traded fund.

The agency granted approval for the Bitwise Bitcoin and Ethereum ETF on an “accelerated basis” as stated in an SEC filing.

>The Commission finds that the Proposal is consistent with Section 6(b)(5) of the Exchange Act, which mandates that the Exchange’s rules are designed to prevent fraudulent acts and protect investors and the public interest.

Numerous firms have sought to list new crypto products with U.S. financial regulators amid a changing regulatory landscape under the Trump administration. Former SEC Chair Gary Gensler was initially reluctant to approve Bitcoin ETF trading until a court order intervened.

Recently, VanEck and ProShares submitted several crypto ETF filings to trade Litecoin, XRP, and Solana in the lead-up to Inauguration Day, while Coinbase Derivatives plans to list SOL and Hedera futures under the oversight of the Commodity Futures Trading Commission.

Bitwise’s new fund will provide exposure to spot Bitcoin and Ethereum, holding both assets and cash, according to the filing.

The SEC previously approved filings in December 2024 from Nasdaq and the Cboe BZX Exchange to list and trade shares of crypto index ETFs from Hashdex and Franklin Templeton, respectively.