Bitwise has filed an S-1 registration with the SEC to launch a spot ETF that would hold Bitcoin and Ether, aiming to provide balanced exposure to these two leading cryptocurrencies. The filing was made on November 26, 2024, with NYSE Arca, yet it does not specify a public offering date, indicating it will occur as soon as practicable. The ETF would closely mirror the market capitalization ratios of Bitcoin and Ether. Following the recent US elections, there is speculation that the regulatory climate may become more favorable for cryptocurrencies in 2025, especially with the potential changes in SEC leadership under President-elect Donald Trump. Since the elections, other asset managers have also proposed various cryptocurrency ETFs, exploring how the SEC might respond. Notably, the SEC has previously approved spot Bitcoin and Ether ETF offerings in early 2024, marking a shift in its regulatory stance towards cryptocurrency products.

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