Bitwise's Bitcoin-Ether ETF Hits NYSE Arca Trading Floor
Published Date: 8/1/2025
Notice
Summary
The SEC just gave the green light for NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF, letting investors easily buy into both cryptocurrencies through one fund. This means folks who want to invest in Bitcoin and Ethereum can do so on a big stock exchange starting soon, making crypto investing simpler and more official. Keep an eye out for when trading kicks off and how this could shake up your portfolio!
Analyzed Economic Effects
5 provisions identified: 5 benefits, 0 costs, 0 mixed.
SEC Approves Bitcoin+Ether ETF Listing
On July 29, 2025 the SEC approved listing and trading of the Bitwise Bitcoin and Ethereum ETF on NYSE Arca. You can buy shares of a single fund on a national exchange that holds spot bitcoin and spot ether if you already invest in securities.
One Fund Holds Both Crypto Assets
The Trust will hold both spot bitcoin and spot ether and will allocate its assets approximately according to their relative market capitalizations. As of the filing date, the Trust noted an allocation of 83% bitcoin and 17% ether.
Daily NAV Using CME CF Pricing Benchmarks
The Trust's net asset value (NAV) and NAV per Share will be determined once each exchange trading day as of 4:00 p.m. Eastern Time. The Trust will value its bitcoin using the CME CF Bitcoin—New York Variant and its ether using the CME CF Ether—Dollar Reference Rate.
Exchange Trading Rules and 15-Second IIV
The Shares are deemed equity securities and will be traded under the Exchange's existing equity rules. The Trust will make certain information available (including NAV on its website) and one or more market data vendors will disseminate an intraday indicative value updated every 15 seconds during the Exchange's core trading session.
Custody and Administration by Named Institutions
Coinbase Custody Trust Company, LLC will maintain custody of the Trust's bitcoin and ether. The Bank of New York Mellon will serve as the custodian for the Trust's cash holdings, the administrator, and the transfer agent.
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Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
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2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
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Previous / Next Documents
Previous: 2025-14546, Self-Regulatory Organizations; NYSE American LLC; Order Approving a Proposed Rule Change, as Modified by Amendment No. 1, To Permit the Trading of FLEX Options on Shares of the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust ETF, and the Bitwise Bitcoin ETF
Starting soon, traders can buy and sell FLEX options on shares of the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust ETF, and the Bitwise Bitcoin ETF on the NYSE American exchange. This change gives investors more flexible ways to trade these popular Bitcoin-related funds, potentially opening new opportunities without immediate cost impacts. The SEC gave the green light after careful review, so get ready for more Bitcoin trading fun!
Next: 2025-14548, Self-Regulatory Organizations; NYSE Arca, Inc.; Order Scheduling Filing of Statements on Review of an Order Approving a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Amend NYSE Arca Rule 8.500-E (Trust Units) and To List and Trade Shares of the Bitwise 10 Crypto Index ETF Under Amended NYSE Arca Rule 8.500-E (Trust Units)
NYSE Arca wants to update its rules to allow trading of the Bitwise 10 Crypto Index ETF, a new crypto-focused fund. The SEC is reviewing this change and has set a schedule for comments and decisions, so investors and traders should watch for updates. This move could open new doors for crypto investing on a big stock exchange, with decisions expected soon.