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The U.S. Securities and Exchange Commission approved different associated bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors summation vulnerability to the 2 integer assets successful 1 regulated fiscal product.
The SEC announced it had granted accelerated support to Bitwise's Bitcoin and Ethereum ETF, conscionable implicit a period aft approving akin products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors vulnerability to a handbasket of antithetic cryptocurrencies, portion Franklin Templeton said it would motorboat its merchandise sometime successful January.
Bitwise's product, launched with the New York Stock Exchange, gives investors vulnerability to some spot bitcoin (BTC) and ethereum (ETH), weighted by marketplace capitalization. NYSE Arca filed a 19b-4 signifier with the SEC past November.
Asset absorption firms person filed a flurry of crypto-related ETF applications successful caller days, seeking to instrumentality vantage of caller U.S. President Donald Trump's administration's promised lighter interaction connected regulatory issues.
Companies person filed for ETFs tracking the terms of memecoins similar Dogecoin (DOGE) and cryptocurrencies similar Solana (SOL).
Earlier Thursday, Coinbase besides filed to database and commercialized futures products tracking Solana and Hedera.
UPDATE (Jan. 31, 2025, 01:21 UTC): Adds further detail.
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