Bitwise’s Spot Bitcoin and Ethereum ETF receives SEC approval.

SEC Greenlights Bitwise’s Bitcoin and Ethereum Spot ETF

On Thursday, the U.S. Securities and Exchange Commission (SEC) granted approval for Bitwise’s Bitcoin and Ethereum spot exchange-traded fund (ETF), allowing investors to gain exposure to both leading digital assets through a single regulated financial product.

This approval follows just over a month after the SEC authorized similar products from Hashdex and Franklin Templeton. While Hashdex’s Crypto Index ETF offers exposure to a diverse range of cryptocurrencies, Franklin Templeton plans to debut its own product later this month. Bitwise’s offering, in partnership with the New York Stock Exchange (NYSE), provides investors with market-cap weighted exposure to both spot bitcoin (BTC) and ethereum (ETH). NYSE Arca submitted a 19b-4 filing for the ETF last November.

As the regulatory landscape shifts under the administration of President Donald Trump, asset management firms are quickly filing applications for new crypto-based ETFs. In addition to the Bitcoin and Ethereum-focused funds, other companies have sought to launch products tracking assets such as Dogecoin (DOGE) and Solana (SOL).

Earlier Thursday, Coinbase also submitted filings to introduce futures products for Solana and Hedera.