The post Bitwise Seeks Approval for Innovative Bitcoin and Ethereum ETP on NYSE Arca appeared on BitcoinEthereumNews.com.

COINOTAG News reported on November 27 that Bitwise has made significant strides in the exchange-traded product (ETP) landscape. The firm has announced that the New York Stock Exchange (NYSE Arca) has officially submitted an application to introduce a new ETP that encompasses investments in both Bitcoin and Ethereum, with allocations based on their respective market capitalizations. This innovative ETP aims to provide a streamlined investment vehicle, allowing investors to gain exposure to these two leading cryptocurrencies directly. Importantly, the efficacy of this initiative hinges on the approval of the 19b-4 application and the successful registration of the S-1 filing. As the cryptocurrency market continues to evolve, this potential offering could pave the way for greater institutional adoption and investor confidence in digital asset investments. Source: https://en.coinotag.com/breakingnews/bitwise-seeks-approval-for-innovative-bitcoin-and-ethereum-etp-on-nyse-arca/

---

Filed under: News - @ November 27, 2024 2:23 am