SEC approves Bitwise Bitcoin-Ethereum ETF, allowing investors to directly invest in both digital currencies. Coinbase to hold fund assets.
The U.S. Securities and Exchange Commission (SEC) expedited the approval process for the Bitwise Exchange-Traded Fund (ETF) combining Bitcoin (BTC) and Ethereum (ETH) on the NYSE Arca. This ETF, with an 83% Bitcoin and 17% Ethereum investment ratio, allows investors to directly invest in both digital currencies. Coinbase will be responsible for holding the assets of this fund. The swift SEC approval reflects the positive stance of the Donald Trump administration towards the digital currency industry. Bitwise has recently submitted similar requests for ETFs for Dogecoin (DOGE), Ripple (XRP), and Solana (SOL).
