On Thursday, the U.S. Securities and Exchange Commission expedited approval for the Bitwise Bitcoin and Ethereum ETF, allowing it to be listed and traded on NYSE Arca.
Bitwise’s hybrid ETF will offer investors direct exposure to Bitcoin (BTC) and Ethereum (ETH) in a single fund with Coinbase’s custody business to oversee the fund’s holdings.
“I really want to interpret this as a sign the new SEC will be faster, but no way to know really,” Bloomberg senior ETF analyst Eric Balchunas wrote on X, following Bitwise dual ETF’s approval.
The SEC’s approval reflects its recent trend of clearing crypto investment products, including Nasdaq and Cboe BZX’s listing of Hashdex and Franklin Templeton ETFs in December, signaling a broader acceptance of digital assets under the Trump administration’s more industry-friendly stance.

Bitwise Files for Dogecoin ETF Amid Shifting US Regulations
Crypto asset manager Bitwise has applied to launch a Dogecoin exchange-traded fund amid further signs U.S. policymakers are warming to crypto. The application, filed with federal regulators on Tuesday, marks the issuer’s latest step toward rolling out a Dogecoin ETF, which it laid the legal groundwork for last week. The fund, if approved, would expose investors to the price movements of the eighth-largest crypto by market capitalization. Dogecoin is trading at $0.32 at writing time, CoinGecko d...
The Bitwise fund's asset allocation includes market capitalization proportions, currently comprising 83% Bitcoin and 17% Ethereum, according to the latest filing.
It will determine these weights by multiplying each asset’s pricing benchmark by its circulating supply.
The fund’s net asset value, meanwhile, will be calculated daily at 4:00 p.m. ET, using price benchmarks that aggregate real-time trade data from major exchanges.
Bitwise has been aggressively expanding its lineup of crypto-based investment products. It has already rolled out its Bitwise Bitcoin and Ethereum ETFs, which are actively trading on U.S. stock exchanges.
The firm also filed for a Dogecoin (DOGE) ETF last week amid rising institutional interest in meme-based tokens.
In October 2024, Bitwise also applied for an XRP ETF, followed by a Solana (SOL) ETF in November, diversifying its offerings beyond Bitcoin and Ethereum.

Bitwise Launches Solana Staking Product in Germany as US ETF Hopes Grow
A Solana exchange-traded product may not exist in the U.S. yet, but until the SEC approves such funds, asset managers are feeding an apparent appetite from European investors for products related to the sixth-biggest digital coin. Crypto asset manager Bitwise today announced its new Solana Staking ETP, which will trade in Germany on the Deutsche Börse AG. The fund gives investors the chance to earn bigger returns compared to other SOL products, Bitwise said, because it uses a staking mechanism....
The rush comes amid speculation that the SEC’s new leadership will continue approving more digital asset investment vehicles.
Bitwise itself has pointed to a shifting market cycle fueled by regulatory tailwinds in a Thursday tweet, “With Washington embracing digital assets like never before, the impact of this shift could extend the current bull run into 2026 and beyond.”
While Bitwise’s Bitcoin and Ethereum ETF has cleared its 19b-4 approval, it still requires SEC approval of its Form S-1 registration before trading can officially begin.
The S-1 review process will evaluate the fund’s compliance with disclosure and investor protection requirements.
BTC is down 0.2% to $104,331, while ETH has gained 1.2% to $3,234.15, CoinGecko data shows.
Edited by Sebastian Sinclair