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International Business Times

Business

Marvie Basilan

SEC OKs Bitwise Combined Bitcoin, Ethereum ETF, Draws Comparison With Gensler Regime

SEC Bitwise Bitcoin ETF Ethereum Gary Gensler Crypto Eric Balchunas NYSE

Photo of a Bitcoin and an Ethereum coin on weathered wood in the sun. (Credit: QuoteInspector.com/flickr)

KEY POINTS

Bitwise has also filed for other crypto ETFs, including a proposal for a Dogecoin ETF
The development triggered comparisons between the SEC under Gensler and the SEC under an Acting Chair
Gensler waited for his last year in power to approve spot Bitcoin ETFs early in 2024

The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca's filing to list and trade shares of Bitwise's combined Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) on an "accelerated basis," marking a major milestone in the journey of cryptocurrency ETFs.

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