Ethereum

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<p class="is-style-lead">Bitwise, one of the listed companies that issued Bitcoin spot ETF in January, has proposed the crypto mixed-based ETF to the authorities.</p> 
<p><span style="margin: 0px;padding: 0px">According to the S-1 filling&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/2046328/000121390024102718/ea0222501-s1_bitwise.htm" target="_blank" rel="nofollow">document</a>&nbsp;on Nov 26, <a rel="" href="https://crypto.news/tag/bitwise/">Bitwise</a> Asset Management pro</span>posed the Bitcoin-Ethereum-based spot ETF to the Securities and Exchange Commission (SEC). This proposal came after their product of <a rel="" href="https://crypto.news/grayscale-bitwise-will-begin-trading-bitcoin-etf-options-today/">Bitcoin ETF options</a> was approved for trade and was released last week.</p> 
<p>As a multi-billion Bitcoin ETF issuer, the company aims to bring balanced exposure and easier access to its customers between the two largest cryptocurrencies by market capitalization.</p> 
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   <p lang="en" dir="ltr">Today, NYSE Arca filed to list a Bitwise ETP that would hold both spot bitcoin AND ether, weighted by market cap.<br><br>The goal: Give investors balanced exposure to the two largest crypto assets in the world in an easy-to-access format. <a rel="nofollow" href="https://t.co/TcBpQM8OhW" target="_blank">pic.twitter.com/TcBpQM8OhW</a></p>— Bitwise (@BitwiseInvest) <a href="https://twitter.com/BitwiseInvest/status/1861492134546940203?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 26, 2024</a>
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<p><a rel="" href="https://crypto.news/tag/bitcoin/">Bitcoin</a> and Ethereum account for more than 70% of the current crypto market capitalizations, with roughly $2.2 trillion. This fund would enable investors to get a recommended crypto on their portfolio. Both crypto, which is the largest and mainstream blockchain used for DeFi, is “going to be a huge hit with investors”.</p> 
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 <p>“Bitcoin and Ethereum aren’t competitors any more than gold and tech stocks are competitors,” said CIO Matt Hougan said on the <a href="https://bitwiseinvestments.com/newsroom/nyse-arca-files-form-19b-4-for-bitwise-bitcoin-and-ethereum-etp" target="_blank" rel="nofollow">press release</a>.</p> 
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<p> You might also like: <a rel="" href="https://crypto.news/grayscale-bitwise-will-begin-trading-bitcoin-etf-options-today/"> Grayscale-Bitwise will begin trading Bitcoin ETF options today </a> </p> 
<h2 class="wp-block-heading" id="bitwise-moves-on-crypto-based-etf">Bitwise moves on crypto-based ETF</h2> 
<p>Since the product was released earlier this year, the company that issued Bitcoin spot ETF recorded an inflow amount for their product (BITB) of up to $2.1 billion. This inflow makes them the fourth largest issuer and collects an inflow of billions of dollars.</p> 
<p>The company, based in San Francisco, California, also joined the wave of BlackRock and Fidelity to launch Ethereum spot ETF (ETHW) on the New York Stock Exchange in July 2024.</p> 
<p>The total inflow they collected for ETHW now reached $390 million, behind <a rel="" href="https://crypto.news/tag/fidelity/">Fidelity</a> Ethereum Fund (FETH) with $707 million and iShares Ethereum Trust ETF (ETHA) with $1.8 billion.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/bitwise-pushes-to-convert-1-3b-crypto-trust-to-etp-on-nyse/"> Bitwise pushes to convert $1.3b crypto trust to ETP on NYSE </a> </p>

Bitwise proposed Bitcoin-Ethereum tied ETF to SEC

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