Bitwise Files for Market Cap-Weighted Bitcoin and Ethereum ETF; NYSE Arca Seeks to List Fund

Nov 26, 2024, 07:28 PM

Bitwise Asset Management has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to create a Bitcoin and Ethereum Exchange-Traded Fund (ETF). In parallel, NYSE Arca has filed a 19b-4 form with the SEC to list the ETF. The ETF aims to offer market cap-weighted exposure to both Bitcoin and Ethereum, providing investors with balanced access to the two largest crypto assets. The fund is anticipated to be listed on NYSE Arca, and assets will be custodied by Coinbase.