Sec is approved by the Bitcoin and Ethereum etf stain

The US Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum etf Bitwise, offering investors exposure to both crypto currencies. Approval, approved on a “accelerated basis” on Thursday, allows the Fund to follow both the Spot Bitcoin (BTC) and Ethereum (ETH) based on their market capitalization.

This approval indicates a major shift in the regulatory landscape under Trump’s administration, as several companies recently sought to list new crypto products with SEC. Batwise’s ETF, launched in partnership with New York Stock Exchange (NYSE), is designed to allow for a lighter approach to Bitcoin -ui Ethereum for the main investors. Nyse Arca endured the required paperwork for ETF in November 2024.

“In particular, the Commission reveals that the proposal in accordance with section 6 (b) (5) of the Law on Exchange, which, among other things, requires the exchange rules designed to” prevent false and manipulative acts and practices “and,” Generally, protect investors and public interest, ” Said the agency.

He added: “The Commission reveals that the proposal, as with other ETP, which the Commission has approved, is reasonably designed to promote the fair publication of information that may be needed to make the share of the share appropriately to prevent trading when reasonable The degree of transparency cannot be sure to protect material non -related information related to the portfolio of trust and to provide fair and neat markets for shares. “

This approval is followed by a series of changes in the SEC -Ao cryptocurrency product, including the previous hesitation of former President Sec’s, Gary Gensler to approve Burzen Bitcoin ETF, which only happened after the court’s judgment.