Editor's PiCK
US SEC Approves Bitwise Bitcoin and Ethereum Synthetic ETF
Doohyun Hwang
Summary
- The US SEC has reportedly approved Bitwise's Bitcoin and Ethereum synthetic ETF.
- The ETF will be exposed to both physical Bitcoin and Ethereum, holding both assets and cash.
- It is reported that Hashdex's 'Nasdaq Crypto Index US ETF' is also likely to be approved.
The United States Securities and Exchange Commission (SEC) approved the launch of Bitwise's Bitcoin and Ethereum synthetic ETF on the 30th (local time).
On the same day, James Seyffart, a Bloomberg ETF analyst, also stated on his X that "the approval of Bitwise's Bitcoin and Ethereum synthetic ETF was an expected step," adding that "Hashdex's 'Nasdaq Crypto Index US ETF' is also likely to be approved soon."
This ETF will be exposed to both physical Bitcoin and Ethereum, holding both assets and cash.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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