- SEC approves Bitwise Bitcoin and Ethereum ETF, allowing NYSE Arca to list and trade the crypto investment fund.
- Bitwise ETF will hold Bitcoin, Ethereum, and cash, offering diversified exposure to major cryptocurrencies.
- The ETF still requires S-1 registration approval before it can officially start trading on the exchange.
The U.S. Securities and Exchange Commission (SEC) has approved the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF). The approval allows NYSE Arca to list and trade the ETF, offering investors access to both cryptocurrencies. The SEC granted this approval on an accelerated basis, according to a filing released on January 30, 2025.
Bitwise ETF Gains Regulatory Approval
SEC approval enables the ETF to maintain investments in Bitcoin, Ethereum and cash reserves. Through this structure, investors obtain diversified portfolio access to the two leading digital assets. The approval aligns with the increasing demand for regulated cryptocurrency investment options.
The new ETF received approval after numerous financial applications were submitted throughout the previous months. Retail and institutional investors now access new prospects to invest in digital assets.The SEC’s approval represents a step toward broader adoption of cryptocurrency investments.
Pending S-1 Registration Before Trading Begins
Despite receiving approval, the ETF cannot start trading until its S-1 registration is cleared by the SEC. The registration process ensures compliance with investor protection measures and regulatory transparency. Bitwise must wait for further approval before launching the fund.
The SEC’s review will assess key aspects of the ETF’s structure. The process ensures the fund meets legal and financial requirements before trading begins. Investors are closely monitoring updates on when the ETF will officially enter the market.
Growing Interest in Crypto ETFs
The SEC’s decision highlights the increasing acceptance of cryptocurrency ETFs in traditional finance. Several asset management companies like VanEck and ProShares have also filed applications for ETFs that track Solana, Litecoin and XRP. Grayscale has made a filing request to transform its XRP Trust into a spot ETF.
These developments signal a shift in regulatory attitudes toward digital assets. The SEC previously approved crypto index ETFs from firms such as Hashdex and Franklin Templeton in December 2024. The growing number of ETF approvals reflects rising institutional confidence in cryptocurrency investments.
Market Response and Future Plans
Market values for both Bitcoin and Ethereum show positive reaction after this news announcement. Bitcoin maintains a trading value of $104,612.69 with a 1.13% upward trend from the previous week. Ethereum has shown a 4% increase in the last day which brought its price to $3,269.
Bitwise has filed an S-1 form to create Dogecoin exchange traded funds. The proposed fund will base its Net Asset Value (NAV) on the Dogecoin-Dollar settlement benchmark from CF trading. The SEC’s evolving stance on crypto ETFs suggests further market developments in the coming months.
