{"id":10690,"date":"2025-01-31T12:32:49","date_gmt":"2025-01-31T12:32:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10690"},"modified":"2025-01-31T12:32:49","modified_gmt":"2025-01-31T12:32:49","slug":"sec-grants-accelerated-approval-of-bitwises-combined-bitcoin-ethereum-etf","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10690","title":{"rendered":"SEC Grants Accelerated Approval Of Bitwise\u2019s Combined Bitcoin-Ethereum ETF"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The US Securities and Exchange Commission (SEC) granted accelerated approval for Bitwise Bitwise Asset Management\u2019s hybrid <a href=\"http:\/\/%5Bcoin-widget%20coin_id=%E2%80%9Cbtc-bitcoin%E2%80%9D%5D\/\" target=\"_blank\" rel=\"nofollow\">Bitcoin<\/a>-Ethereum exchange-traded fund (ETF).<\/span><\/p>\n<p><span style=\"font-weight: 400\">On 30 January 2024, <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2025\/34-102310.pdf?ref=blockhead.co\" target=\"_blank\" rel=\"nofollow\">the SEC filing<\/a>, approving Bitwise\u2019s BTC-ETH ETF said, \u201cthe Trust\u2019s allocation of its assets to bitcoin and ether will approximate the relative market capitalization of bitcoin and ether to one another.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">This move by the Trump administration\u2019s SEC marks a pivotal moment in the crypto-based financial products offerings.<\/span><\/p>\n<p>Meanwhile, Bitwise had been pushing for clearer regulations.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump administration may unfreeze M&amp;A. <\/p>\n<p>Large corporates \u2014 mag 7, etc \u2014 may finally be able to wield their market cap. Amazon could buy Instacart. Google could buy Uber. etc etc<\/p>\n<p>The big may get bigger, and the middle may shrink.<\/p>\n<p>If that happens, I think it will accelerate\u2026<\/p>\n<p>\u2014 Hunter Horsley (@HHorsley) <a href=\"https:\/\/twitter.com\/HHorsley\/status\/1876051334279184688?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 5, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In fact, according to a recent Bitwise survey of around 430 financial advisors across US, the factor most likely to make them more comfortable allocating to crypto in the future is clearer regulations. 55% advisors expressed regulatory concerns. Meanwhile, better education was the second most important at 42%.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/bitwise-vettafi-survey-finds-financial-advisors-could-add-more-crypto-exposure-if-there-were-clearer-regulations-explore-best-crypto-coins\/\" rel=\"bookmark\">Bitwise\/VettaFi Survey Finds Financial Advisors Could Add More Crypto Exposure If There Were Clearer Regulations.\u00a0<\/a><\/strong><\/p>\n<h2><strong>More About Bitwise Hybrid Bitcoin Ethereum ETF<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The newly approved Bitwise Bitcoin-Ethereum ETF is designed to track the spot prices of Bitcoin and Ethereum, allocating assets based on their relative market capitalizations.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: <\/p>\n<p>THE <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1fa-1f1f8.png\" alt=\"\ud83c\uddfa\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> U.S. SEC HAS APPROVED <br \/>BITWISE&#8217;S COMBINED BITCOIN-<br \/>ETHEREUM ETF. <a href=\"https:\/\/t.co\/idQQQvaGGF\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/idQQQvaGGF<\/a><\/p>\n<p>\u2014 Ash Crypto (@Ashcryptoreal) <a href=\"https:\/\/twitter.com\/Ashcryptoreal\/status\/1885253219338605040?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 31, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">As of the filing date, the fund\u2019s composition was approximately 83% Bitcoin and 17% Ethereum. This allocation reflects the dominance of these two cryptocurrencies in the global market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The ETF will also include cash reserves to provide liquidity and stability. Custody services will be handled by Coinbase, while Bank of New York Mellon will serve as the cash custodian, administrator, and transfer agent. The product will be listed on NYSE Arca.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This hybrid structure offers investors a streamlined approach to accessing both assets without managing separate investments. It also represents a broader trend toward diversified crypto investment vehicles that cater to institutional and retail investors alike.<\/span><\/p>\n<h2>Leadership Changes In SEC<\/h2>\n<p><span style=\"font-weight: 400\">The SEC\u2019s accelerated approval process for this ETF\u2014completed in just 45 days compared to the usual 240-day review period\u2014signals a shift in the SEC\u2019s stance toward cryptocurrencies.<\/span><\/p>\n<p>Moreover, the heated lawsuit between Ripple Labs and the US SEC has suddenly disappeared from the <a href=\"https:\/\/www.sec.gov\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\">SEC website<\/a>.<\/p>\n<p>The case that started in December 2020 has no remaining references on the SEC website. This has led the crypto community to believe that after the Trump Administration and the new SEC leadership came into effect, the controversial war between Ripple and the SEC has officially been dropped.<\/p>\n<p><strong>Exlpore: <a href=\"https:\/\/99bitcoins.com\/news\/ripple-lawsuit-suddenly-disappears-from-sec-website-will-xrp-rally\/\" rel=\"bookmark\">Ripple Lawsuit Suddenly Disappears From SEC Website: Will XRP Rally?<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/sec-grants-accelerated-approval-of-bitwises-combined-bitcoin-ethereum-etf\/\">SEC Grants Accelerated Approval Of Bitwise\u2019s Combined Bitcoin-Ethereum ETF<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission (SEC) granted accelerated approval for Bitwise Bitwise Asset Management\u2019s hybrid Bitcoin-Ethereum exchange-traded fund (ETF). On 30 January 2024, the SEC filing, approving Bitwise\u2019s BTC-ETH ETF said, \u201cthe Trust\u2019s allocation of its assets to bitcoin and ether will approximate the relative market capitalization of bitcoin and ether to one another.\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10690","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10690"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10690\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}