CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Coinpaprika 2025-01-31 09:04:52

SEC Fast-Tracks Approval for Bitwise Bitcoin and Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has granted fast-track approval for Bitwise’s spot Bitcoin ( BTC ) and Ethereum (ETH) Exchange-Traded Fund (ETF), significantly shortening the usual review process. The approval was given just 45 days after the filing, bypassing the standard 240-day period. On January 30, the SEC approved NYSE Arca’s 19b-4 filing , allowing Bitwise’s ETF to be listed and traded. The fund will allocate assets based on the market capitalization of Bitcoin and Ethereum, holding only these two cryptocurrencies along with cash reserves. The SEC stated that the ETF was eligible for accelerated approval due to its similarity to previously approved spot crypto ETFs. “The Commission finds good cause to approve the Proposal prior to the 30th day after the date of publication of notice of Amendment No. 126 in the Federal Register,” the agency announced. This decision follows the SEC’s approval of the first-ever combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton in December 2024. Bloomberg ETF analyst James Seyffart commented on X (formerly Twitter) that the approval was expected given prior similar filings. Senior Bloomberg ETF Analyst Eric Balchunas agreed, noting that even under SEC Chair Gary Gensler, this outcome was predictable. Balchunas also pointed out the unusually fast approval, emphasizing that it took only 45 days instead of the standard 240-day review. “I really want to interpret this as a sign the new SEC will be faster, but no way to know really. Litecoin on deck, know more soon,” he added. The SEC's approval process for this ETF began when NYSE Arca filed the 19b-4 form on November 26, 2024. Following a public comment period and an amendment on January 21, 2025, the regulator decided to expedite approval. This marks another step forward for Bitwise in the crypto ETF sector. The investment firm has also applied for Solana ( SOL ), XRP (XRP), and Dogecoin (DOGE) ETFs. However, due to meme coins’ speculative nature, their approval remains uncertain. Meanwhile, the Bitwise 10 Crypto Index Fund is still under review. This fund is designed to track the performance of the top cryptocurrencies, potentially expanding Bitwise’s influence in the digital asset market. With the SEC showing a willingness to approve crypto-related ETFs at a faster pace, the industry is closely watching how future filings, including Litecoin, will be handled.

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez