The U.S. Securities and Exchange Commission gave the Binary Bitcoin and Ethereum ETF more speedy authorization on Thursday, allowing it to get listed and traded on the NYSE Arca.  ,
Bitwise’s hybrid ETF will offer investors direct exposure to Bitcoin ( BTC ) and Ethereum ( ETH) in a single fund with Coinbase’s custody business to oversee the fund’s holdings.  ,
Following Boolean two ETF’s approval, Bloomberg top ETF analyst Eric Balchunas wrote on X,” I really want to view this as a sign the new SEC may be faster, but there is no way to know really.”
The SEC’s acceptance reflects its new pattern of clearing crypto purchase items, including Nasdaq and Cboe BZX’s list of Hashdex and Franklin Templeton ETFs in December, signaling a broader understanding of online assets under the Trump administration’s more industry-friendly position.
The Bitwise fund’s asset allocation includes market capitalization proportions, currently comprising 83 % Bitcoin and 17 % Ethereum, according to the latest filing.
It may multiply each stock’s pricing benchmark by its circulating supply to identify these weights.
The bank’s net asset value, however, will be calculated monthly at 4: 00 p. m. ET, using value benchmarks that aggregate real-time industry data from main exchanges.
Bitwise has been aggressively expanding its portfolio of crypto-based investment products. It has already released its Bitwise Bitcoin and Ethereum ETFs, both of which are currently trading on U.S. stock exchanges.  ,
In response to growing institutional interest in meme-based tokens, the company also filed for an Ethereum ( DOGE ) ETF last week.  ,
In October 2024, Bitwise also applied for an XRP ETF, followed by a Solana ( SOL ) ETF in November, diversifying its offerings beyond Bitcoin and Ethereum.
The SEC’s new leadership may continue to approve more digital asset investment vehicles as a result of the speculation.
In a Thursday tweet, Bitwise itself stated that the impact of the changing market cycle, which is being fueled by regulatory tailwinds, could extend the current bull run into 2026 and beyond.
While Bitwise’s Bitcoin and Ethereum ETF has cleared its 19b-4 approval, it still requires SEC approval of its Form S-1 registration before trading can officially begin.  ,
The S-1 review process will evaluate the fund’s compliance with disclosure and investor protection requirements.
BTC is down 0.2 % to$ 104, 331, while ETH has gained 1.2 % to$ 3, 234.15, CoinGecko data shows.
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