Big News: SEC Approves Bitwise Spot Bitcoin and Ethereum ETF

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Big News: SEC Approves Bitwise Spot Bitcoin and Ethereum ETF - Coinpedia

Quick Summary:

Securities and Exchange Commission (SEC) has approved Bitwise’s Bitcoin and Ethereum ETF, offering investors exposure to both cryptocurrencies.

The approval, granted on an “accelerated basis” on Thursday, allows the fund to track both spot Bitcoin (BTC) and Ethereum (ETH) based on their market capitalization.

This approval follows a series of changes in the SEC’s stance on crypto products, including the previous hesitance of former SEC Chair Gary Gensler to approve Bitcoin ETF trading, which only occurred after a court ruling.