US Securities and Stock Exchange Commission (SEC), Bitcoin presented by Bitwise $105,198.9 and Ethereum 
$3,214.4‘u together with the stock market investment fund (ETF) approved. The product, which is released in cooperation with Nyse Arca, allows investors the opportunity to follow two crypto money through a single arranged vehicle. This decision of SEC came after Hashdex and Franklin Templeton approved similar applications. Increased ETF applications in the crypto currency market indicate the expansion of the regulatory framework.
Bitwise first combined two crypto money
Bitwise’s ETF was the first product that weighted Bitcoin and Ethereum according to the market value. The fund provides a direct exposure to spot crypto currency assets. Nyse Arca’s 19B-4 form presented to SEC in November last year, resulted in official approval.
Corporate investors can make a safer entry into the crypto money market with such ETFs. Experts, Bitcoin and Ethereum large assets such as ETFs can increase the liquidity in the market, he says. The SEC’s decision may accelerate the acceptance of crypto currencies in the financial system.
Competition is increasing in crypto currency ETFs
SEC’s green light on Bitwise has also mobilized other companies. Hashdex is on the market with an ETF that follows the multi -crypto currency basket. Franklin Templeton plans to offer its own product in January 2024. Asset Management Companies, Dogecoin 
$0.331093 And he’s also preparing ETF applications for alternative crypto currencies such as Solana.
Coinbase has applied for listing the futures products with solana and Hedera. This initiative of the company can contribute to the growth of the crypto currency derivative market. However, uncertainties in regulations can slow down the approval process of new products.
SEC’s recent steps support the institutionalization of the crypto currency market. The increase in ETFs allows investors to diversify portfolio, while strengthening their protection strategies against market volatility. Experts emphasize that the net attitude of regulatory institutions is critical for long -term growth.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
