U.S. SEC approves Bitwise’s Bitcoin-Ethereum ETF – What’s next? – BitRss

• U.S. SEC has cleared the first step for Bitwise’s combined BTC ($104,269.30) and ETH ($3,263.29) ETF trading. 
• A sign-off on S-1 will effectively allow public trading of the product. 

The U.S. SEC has approved Bitwise’s combined Bitcoin[BTC] and Ethereum [ETH] ETF, clearing the first step needed for the eventual trading.

On the 30th of January, the regulator approved the issuer’s 19b 4 filing (proposed rule change) via the New York Stock Exchange (NYSE). The combined ETF will initially be able only to redeem and create 10,000 daily shares. Part of the approval order read,

“The Trust will create and redeem Shares from time to time, but only in one or more “creation units,” which will initially consist of at least 10,000 shares.”

Does this mean that combined ETF trading will begin soon?

U.S. SEC to approve trading soon? 

The next step before eventual public trading is for the regulator to sign off on the S-1 form (registration statement).