SEC Grants Initial Approval for Combined Bitcoin and Ethereum ETF

The Bitwise Bitcoin and Ethereum ETF moves closer to trading, offering market-cap-weighted exposure to the two largest cryptocurrencies.

The U.S. Securities and Exchange Commission has approved a key step for Bitwise's Bitcoin and Ethereum ETF, allowing it to advance toward trading on NYSE Arca.
This ETF will provide investors with direct exposure to Bitcoin and Ethereum, weighted by their market capitalization, with Coinbase managing custody of the assets.
The SEC's approval of the 19b-4 filing marks progress, but the fund still requires approval of its Form S-1 registration to begin trading.
The move reflects a broader acceptance of cryptocurrency investment products under the Trump administration's crypto-friendly regulatory approach.
Bitwise has expanded its crypto ETF offerings, including applications for funds tracking Dogecoin, XRP, and Solana, signaling growing institutional interest in digital assets.