What to know:
- The U.S. Securities and Exchange Commission, or as we like to call them, the “Securities and Exchange Committee of Unnecessary Delays,” has finally decided to approve the launch of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF). đ
- This fund is like a buffet for investors, offering a delightful mix of spot bitcoin (BTC) and ethereum (ETH), all nicely weighted by market capitalizationâbecause who doesnât love a good scale? âïž
- The New York Stock Exchange, in a fit of paperwork enthusiasm, filed a 19b-4 form with the SEC back in November. Yes, thatâs a real thing, and no, itâs not a new dance move. đ
In a move that surprised absolutely no one, the SEC has given the thumbs up to yet another joint bitcoin and ether exchange-traded fund (ETF) on a Thursdayâbecause why not? This allows investors to dip their toes into the digital asset pool without getting their feet wet in the murky waters of unregulated finance.
Just over a month after giving a similar nod to Hashdex and Franklin Templeton, the SEC has decided that Bitwise’s Bitcoin and Ethereum ETF is also worthy of its approval. Itâs like a stamp of approval from the universe, but with more paperwork and fewer stars. đ
Bitwise’s product, launched in collaboration with the New York Stock Exchange, offers investors a chance to bask in the glory of both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalizationâbecause who doesnât want their investments to be as heavy as their existential dread? đ
In a flurry of excitement that could only be rivaled by a cat chasing a laser pointer, asset management firms have been filing crypto-related ETF applications left and right. Theyâre hoping to ride the wave of the new U.S. President Donald Trumpâs administration, which has promised a lighter touch on regulatory issuesâlike a gentle pat on the back instead of a full-on bear hug. đ»
And if that wasnât enough, companies are also filing for ETFs that track the price of memecoins like Dogecoin (DOGE) and cryptocurrencies like Solana (SOL). Because if you canât beat them, you might as well join the circus! đȘ
Earlier on this fine Thursday, Coinbase decided to join the party and filed to list and trade futures products tracking Solana and Hedera. Because why not throw more spaghetti at the wall and see what sticks? đ
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2025-01-31 02:42