{"id":228768,"date":"2025-01-31T15:11:26","date_gmt":"2025-01-31T15:11:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/31\/us-sec-gives-initial-approval-to-combined-bitcoin-ether-etf\/"},"modified":"2025-01-31T15:11:26","modified_gmt":"2025-01-31T15:11:26","slug":"us-sec-gives-initial-approval-to-combined-bitcoin-ether-etf","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/31\/us-sec-gives-initial-approval-to-combined-bitcoin-ether-etf\/","title":{"rendered":"US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF"},"content":{"rendered":"
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The US Securities and Exchange Commission<\/a> on Thursday\u00a0approved\u00a0part of an application for a novel exchange-traded fund<\/a> that would track the two largest cryptocurrencies.<\/p>\n

The Bitwise Bitcoin<\/a> and Ethereum<\/a> ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The structure of the fund will be similar to existing ETFs that hold either Bitcoin or Ether directly.<\/p>\n

The US regulator in a\u00a0filing<\/a>\u00a0approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading. The Bitwise fund still needs an approval for its pending registration application known as an S-1 \u2014 both steps are required to start trading.<\/p>\n

Bitwise submitted paperwork for the joint fund to regulators last November after the US presidential election, which ushered in the crypto-friendly administration of President Donald Trump<\/a>. The Republican has pledged to implement supportive regulations for the digital-asset sector as part of a plan to make the US the crypto capital of the world.<\/p>\n

Investment firms are now peppering the SEC with proposals to start more crypto portfolios. Issuers are \u201cprobing the SEC’s boundaries, with unique filings including memecoin<\/a> ETFs,\u201d Bloomberg Intelligence Senior Government Analyst Nathan Dean wrote in a note.<\/p>\n

For instance, Bitwise has proposed an ETF that would track Dogecoin. This cryptoasset is an archetypal memecoin \u2014 a type of token with no inherent worth whose price waxes and wanes under the capricious spotlight of social media.\u00a0<\/p>\n

The SEC has also received applications for ETFs tracking the likes of XRP, Solana and Litecoin, tokens that claim to be grounded in some kind of utility.<\/p>\n

US ETFs investing directly in Bitcoin rolled out at the start of 2024 and proved to be a major success, given the largest cryptocurrency’s role \u2014 albeit disputed \u2014 as a modern-day store of value. The group of one dozen products, including from Bitwise, has amassed total assets of more than $121 billion (roughly Rs. 10,47,573 crore). Ether funds followed and have more than $11 billion (roughly Rs.\u00a095,233 crore) of funds under management.<\/p>\n

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\u00a9\u00a02025\u00a0Bloomberg L.P.<\/em><\/p>\n<\/article>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n


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The US Securities and Exchange Commission on Thursday\u00a0approved\u00a0part of an application for a novel exchange-traded fund that would track the two largest cryptocurrencies. The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The structure of […]<\/p>\n","protected":false},"author":2,"featured_media":228769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/cryptocurrency_pierre_borthiry_unsplash_1721307843004.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[10094,1159,18300,8353,14510,4916,3385,6352,179298],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/228768"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=228768"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/228768\/revisions"}],"predecessor-version":[{"id":228770,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/228768\/revisions\/228770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/228769"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=228768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=228768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=228768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}