The U.S. Securities and Exchange Commission (SEC) has approved the launch of the Bitwise Bitcoin and Ethereum exchange-traded fund (ETF). This fund allows investors to gain exposure to both spot bitcoin (BTC) and ethereum (ETH), with allocation weighted by market capitalization. The approval marks a significant step in the integration of cryptocurrency into mainstream financial markets. The approval process required a 19b-4 form to be filed by the New York Stock Exchange, indicating the regulatory scrutiny involved. This development is expected to enhance investor interest and participation in the cryptocurrency ecosystem, given the growing appeal of ETFs as investment vehicles.

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