The U.S. Securities and Exchange Commission (SEC) has granted approval for Bitwise’s combined Bitcoin and Ethereum exchange-traded fund (ETF) on an accelerated basis.

The Securities and Exchange Commission has approved part of an application by Bitwise Asset Management for a combined bitcoin (BTC-USD) and ether (ETH-USD) exchange-traded fund. The proposed Bitwise Bitcoin and Ethereum ETF will hold both spot bitcoin (BTC-USD) and spot ether (ETH-USD) weighted according to their market capitalizations,

Bitwise developed its new ETF in partnership with the New York Stock Exchange and it will be weighed by market capitalization, mirroring the relative market size of Bitcoin and Ethereum

The Bitwise fund's asset allocation reflects market capitalization proportions, comprising 83% Bitcoin and 17% Ethereum.

The SEC approves NYSE's listing of Bitwise's hybrid ETF, offering exposure to both Bitcoin and Ethereum in one investment product.

Bitwise has officially filed an S-1 registration for a spot Dogecoin ETF with the SEC, joining Rex Shares and Osprey Funds in pursuing regulatory approval for cryptocurrency exchange-traded funds.

The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.

The US Securities and Exchange Commission on Thursday approved part of an application for a novel exchange-traded fund that would track the two largest cryptocurrencies.

The SEC has expedited the approval of Bitwise's combined $BTC and $ETH ETF, marking a stark contrast from the Gensler SEC's waiting period for approving similar offerings.