Bitwise’s Bitcoin-Ethereum ETF: Bitwise Asset Management has filed an application to create a Bitcoin and Ethereum combined ETF with the U.S. Securities and Exchange Commission (SEC). If approved, this ETF will allow investors to access the two largest cryptocurrencies without having to hold them directly. This means investors can invest in both Bitcoin and Ethereum through a single financial product.
Listing on NYSE Arca: Bitwise’s ETF is expected to be listed on the NYSE Arca exchange. This will expand investor access via a major, internationally recognized exchange. This listing also enhances trust and transparency for Bitwise’s ETF in the eyes of global investors.
Price index and fund management: The Trust will use price indices developed by CF Benchmarks Ltd to accurately track the combined value of Bitcoin and Ethereum. The Bank of New York Mellon will manage the fund, ensuring assets and cash flows are managed efficiently and safely. This helps optimize the operational and financial management of the ETF.
Strategy and risk management: This fund will not apply active trading strategies or use derivative products, but will focus on holding the two main cryptocurrencies. This helps minimize investment risk and management costs by not using leverage. The goal is to closely track the value of Bitcoin and Ethereum, ensuring safety and stability for investors.