Bitwise's Chief Investment Officer Matt Hougan reported that US spot Bitcoin exchange-traded funds (ETFs) experienced nearly $5 billion in inflows during January, setting a pace that could exceed $50 billion for the year.

US spot Bitcoin ETFs saw inflows totaling nearly $5 billion in January, a strong start that could push them toward $50 billion by year end.

Bitwise developed its new ETF in partnership with the New York Stock Exchange and it will be weighed by market capitalization, mirroring the relative market size of Bitcoin and Ethereum

The Securities and Exchange Commission has approved part of an application by Bitwise Asset Management for a combined bitcoin (BTC-USD) and ether (ETH-USD) exchange-traded fund. The proposed Bitwise Bitcoin and Ethereum ETF will hold both spot bitcoin (BTC-USD) and spot ether (ETH-USD) weighted according to their market capitalizations,

Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization. NYSE Arca filed a 19b-4 form with the SEC last November.

The Bitwise fund's asset allocation reflects market capitalization proportions, comprising 83% Bitcoin and 17% Ethereum.

Bitwise has officially filed an S-1 registration for a spot Dogecoin ETF with the SEC, joining Rex Shares and Osprey Funds in pursuing regulatory approval for cryptocurrency exchange-traded funds.

The SEC has expedited the approval of Bitwise's combined $BTC and $ETH ETF, marking a stark contrast from the Gensler SEC's waiting period for approving similar offerings.

The US Securities and Exchange Commission (SEC) has approved a key part of an application for a new exchange-traded fund (ETF) that would track Bitcoin and Ethereum, the two largest cryptocurrencies.