The United States Stock Exchange and Securities Commission approved another joint Bitcoin and Ether Commercial (ETF) on Thursday, allowing investors to exposure the two digital assets in a regulated financial product.
The SEC announced that it had granted accelerated approval to Bitcoin and Ethereum ETF and Bitwise, just over a month after approveing similar products presented by Hashdex and Franklin Templeton. Hashdex’s Critytox Index ETF provides investors exposed to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product at some time in January.
The Bitwise product, launched with the New York Stock Exchange, gives investors to Bitcoin (BTC) and Ethereum (ETH), weighted by market capitalization. Nyse Arca presented a 19B-4 form against the SEC last November.
Assets management companies have submitted a wave of ETF applications related to cryptography in recent days, trying to take advantage of the new lighter touch of the new president of the United States, Donald Trump, on regulatory issues.
Companies have requested ETFs that track the price of memecoins such as Dogecoin (Doge) and cryptocurrencies like Solana (Sol).
The earliest Thursday, Coinbase also appeared to the futures products of the list and trade of products for the monitoring of Solana and Hedera.
Update (January 31, 2025, 01:21 UTC): Add additional details.
