Search Results for keywords:"Bitwise Bitcoin and Ethereum ETF"

The Securities and Exchange Commission (SEC) has approved a proposed rule change allowing the NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF under a specific rule for Commodity-Based Trust Shares. This ETF will hold both bitcoin and ether based on their market capitalizations, aiming to provide exposure to these cryptocurrencies while covering operational expenses. The SEC's approval was granted on an accelerated basis after the exchange modified its proposal to ensure transparency and fair trading practices, aligning it with other similar exchange-traded products. The public is invited to submit comments on the proposal until February 26, 2025.

NYSE Arca filed a proposed rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. This ETF, managed by Bitwise Investment Advisers, aims to provide exposure to bitcoin and ether based on their market capitalizations. The SEC will review this proposal within either 45 or 90 days to ensure compliance and fraud prevention. If the ETF is approved, it will trade under specific rules for monitoring, valuation, and trading halts on the NYSE Arca Exchange.

The Securities and Exchange Commission (SEC) is considering a proposal from NYSE Arca, Inc., to list and trade shares of a new exchange-traded fund (ETF), which will hold bitcoin and ether, the two most popular cryptocurrencies. Known as the Bitwise Bitcoin and Ethereum ETF, this fund aims to reflect the value of bitcoin and ether based on daily price benchmarks, with the goal of giving investors exposure to these cryptocurrencies without directly owning them. The SEC invites public comments on this proposal as part of its evaluation process.