SEC Fast-Tracks Bitwise’s Bitcoin-Ethereum ETF, Signaling Broader Crypto Acceptance – BitRss

On Thursday, the U.S. Securities and Exchange Commission expedited approval for the Bitwise Bitcoin and Ethereum ETF, allowing it to be listed and traded on NYSE Arca. 

Bitwise’s hybrid ETF will offer investors direct exposure to Bitcoin (BTC ($104,355.39)) and Ethereum (ETH ($3,240.02)) in a single fund with Coinbase’s custody business to oversee the fund’s holdings. 

“I really want to interpret this as a sign the new SEC will be faster, but no way to know really,” Bloomberg senior ETF analyst Eric Balchunas wrote on X, following Bitwise dual ETF’s approval.

The SEC’s approval reflects its recent trend of clearing crypto investment products, including Nasdaq and Cboe BZX’s listing of Hashdex and Franklin Templeton ETFs in December, signaling a broader acceptance of digital assets unde…