Bitcoin ETF Approval Signals Crypto Growth

SEC Approves Bitwise Bitcoin-Ethereum ETF for NYSE Arca Listing

• The SEC expedited approval for the Bitwise Bitcoin and Ethereum ETF.
• The ETF will be listed on NYSE Arca, offering direct exposure to BTC and ETH.
• Coinbase’s custody business will manage the fund’s holdings.
• The asset allocation is 83% Bitcoin and 17% Ethereum.
• Bitwise has filed for additional ETFs, including Dogecoin, XRP, and Solana.

The U.S. SEC has approved Bitwise’s hybrid ETF for listing on NYSE Arca. The fund allocates assets with an 83% focus on Bitcoin and a 17% focus on Ethereum, managed by Coinbase’s custody service.