After the 2024 US election, Bitwise and other asset managers seem to have been testing the regulatory waters for previously unapproved spot cryptocurrency ETFs.
NYSE Arca has filed to list and trade shares of an exchange-traded product offered by asset management firm Bitwise that would hold Bitcoin and Ether.
In a Nov. 26 filing with the United States Securities and Exchange Commission (SEC), Bitwise announced its intention to launch trading for a spot Bitcoin (BTC) and Ether (ETH) exchange-traded product on the NYSE Arca with Form S-1 registration statement.
According to the asset manager, the goal would be to “give investors balanced exposure to the two largest crypto assets in the world in an easy-to-access format.”
