Share this article
SEC Approves Bitwise Spot Bitcoin and Ethereum ETF
The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.
Updated Jan 30, 2025, 11:21 p.m. Published Jan 30, 2025, 11:08 p.m.
Make us preferred on Google
What to know:
- The U.S. Securities and Exchange Commission has approved the launch of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF).
- The fund gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization.
- The New York Stock Exchange had filed a 19b-4 form with the SEC in November.
The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.
The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin and ethereum , weighted by market capitalization. NYSE Arca filed a 19b-4 form with the SEC last November.
Asset management firms have filed a flurry of crypto-related ETF applications in recent days, seeking to take advantage of new U.S. President Donald Trump's administration's promised lighter touch on regulatory issues.
Companies have filed for ETFs tracking the price of memecoins like and cryptocurrencies like Solana .
Earlier Thursday, Coinbase also filed to list and trade futures products tracking Solana and Hedera.
UPDATE (Jan. 31, 2025, 01:21 UTC): Adds additional detail.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Ethereum’s ERC-8004 aims to put identity and trust behind AI agents
A new Ethereum standard seeks to give AI agents portable identities and reputations, letting them interact across companies and chains without relying on centralized gatekeepers.
What to know:
- Ethereum developers are set to roll out ERC-8004, a new standard that gives AI software agents persistent on-chain identities and a shared framework for establishing credibility.
- The standard defines three registries—identity, reputation and validation—that let agents register themselves, collect reusable feedback and publish independent checks of their work on Ethereum or layer-2 networks.
- Framed as neutral infrastructure rather than a marketplace, ERC-8004 aims to enable interoperable, gatekeeper-free AI services on Ethereum, even as ether trades just above $3,000 after a recent price gain.
Top Stories
