📈SEC Approves Bitwise Bitcoin and Ethereum ETF Listing
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Bitwise Bitcoin and Ethereum ETF Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The Securities and Exchange Commission has approved the Bitwise Bitcoin and Ethereum ETF, allowing for the trading of shares under NYSE Arca rules. This decision facilitates investment opportunities in cryptocurrency, with the Trust designed to provide exposure to Bitcoin and Ether values while adhering to regulatory standards. The approval underscores the growing significance of digital assets in the financial market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text discusses the approval of a proposed rule change to list and trade shares of the Bitwise Bitcoin and Ethereum ETF, implicating compliance and regulatory requirements for businesses involved in cryptocurrency and financial services. This could affect investment strategies and market access for business executives.