SEC Eyes Bitcoin and Ethereum ETF for NYSE Arca Trading
Published Date: 6/16/2025
Notice
Summary
The SEC is deciding whether to approve a new Bitwise Bitcoin and Ethereum ETF to be traded on the NYSE Arca exchange. This change would let investors buy shares tied to Bitcoin and Ethereum, making crypto investing easier and more official. The SEC’s decision, expected soon, could impact crypto markets and investor options.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
ETF Would Let You Buy BTC & ETH Shares
If approved, NYSE Arca would list and trade the Bitwise Bitcoin and Ethereum ETF so you could buy shares tied to bitcoin and ether on a national exchange. The proposal was filed on February 19, 2025 and the Commission instituted proceedings on June 10, 2025 to decide whether to approve or disapprove the listing.
ETF Holds Bitcoin & Ether; Daily NAV
The proposed Trust would hold only bitcoin, ether, and cash, and would set its net asset value at the end of each business day using the CME CF Bitcoin—New York Variant for bitcoin and the CME CF Ether—Dollar Reference Rate—New York Variant for ether. As filed, the Trust's allocation would approximate relative market capitalization (about 83% bitcoin and 17% ether on the filing date).
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