Bitcoin ETF Approved for NYSE Trading

SEC Approves NYSE Arca’s Bitwise Bitcoin-Ethereum ETF

• The SEC approved NYSE Arca’s proposal to list a Bitwise ETF offering exposure to Bitcoin and Ethereum.
• The approval process was expedited, taking 45 days instead of the usual 240 days.
• The ETF will hold Bitcoin, Ethereum, and cash, with allocations based on market capitalizations.
• Net asset value will be calculated daily using CME CF pricing benchmarks for both cryptocurrencies.
• Investors can purchase or redeem shares in Creation Units, initially consisting of at least 10,000 shares.

The SEC’s accelerated approval of the Bitwise Bitcoin and Ethereum ETF demonstrates its growing familiarity with crypto-backed investment products. The fund offers investors a new way to gain exposure to these leading digital assets.