SEC Approves Bitwise Bitcoin & Ethereum ETFs

SEC Approves Bitwise Bitcoin & Ethereum ETFs

In Summary

  • SEC approves Bitwise Bitcoin and Ethereum ETF
  • The fund holds spot bitcoin, ether, and cash
  • Decision follows increasing regulatory acceptance of crypto ETFs
  • Signals growing institutional adoption of digital asset


Catenaa, Friday, January 31, 2025- The Securities and Exchange Commission(SEC) on Thursday approved Bitwise’s Bitcoin and Ethereum exchange-traded fund (ETF), marking a major regulatory breakthrough for cryptocurrency investment products.

The ETF, listed on NYSE Arca, will hold spot bitcoin, ether, and cash. The SEC approved the filing on an “accelerated basis,” stating that it complies with Section 6(b)(5) of the Exchange Act, which aims to prevent fraud and protect investors.

The decision highlights a shift in regulatory stance, with the SEC now more open to cryptocurrency-based financial products. The approval follows a series of filings from firms like VanEck and ProShares, which recently sought ETFs linked to Litecoin, XRP, and Solana.

Coinbase Derivatives has also applied to list SOL and Hedera futures under Commodity Futures Trading Commission oversight.

The move builds on momentum from December 2024, when the SEC first approved spot bitcoin ETFs after years of resistance. That decision followed a court ruling that challenged the agency’s previous denials.

Market analysts see the Bitwise ETF approval as a sign of growing institutional acceptance of cryptocurrencies. The fund provides exposure to two of the largest digital assets, potentially attracting new investors to the crypto sector.

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