The SEC has granted approval for Bitwise’s Spot Bitcoin and Ethereum ETF.

SEC Greenlights Bitwise Bitcoin and Ethereum Spot ETF, Enhancing Crypto Investment Access

The U.S. Securities and Exchange Commission (SEC) has approved Bitwise’s Bitcoin and Ethereum spot exchange-traded fund (ETF), providing investors with the opportunity to gain exposure to both cryptocurrencies through a single, regulated financial product.

This approval follows similar decisions made by the SEC for other crypto ETFs from Hashdex and Franklin Templeton, with the latter expected to launch its product in January. Bitwise’s ETF, in collaboration with the New York Stock Exchange (NYSE), offers exposure to both spot bitcoin (BTC) and ethereum (ETH), with the allocation weighted by market capitalization. The NYSE Arca filed the 19b-4 application for the product last November.

The approval comes at a time when crypto ETFs are gaining significant traction, especially with the new regulatory environment under President Donald Trump’s administration, which has led to a more favorable outlook for digital asset-related products. In response to this shifting landscape, multiple firms have filed applications for ETFs tracking other assets such as Solana (SOL) and Dogecoin (DOGE).

In addition to Bitwise’s win, Coinbase has filed its own application to list futures products for Solana and Hedera, signaling further momentum in the crypto market.