SEC Approves Bitwise Spot Bitcoin and Ethereum ETF
- The U.S. Securities and Exchange Commission has approved Bitwise's Bitcoin and Ethereum exchange-traded fund , allowing investors to gain exposure to both digital assets in one product.
- The SEC granted accelerated approval to the ETF in just 45 days, a significant reduction from the usual 240-day review period.
- Bitwise plans to launch additional crypto ETFs, including proposals for Dogecoin and Solana ETFs, following the recent approval.
- Analysts speculate that the SEC may continue to expedite ETF approvals under new leadership, contrasting with the previous chair's slower approach.
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