The US Securities and Exchange Commission (SEC) is seeking public comments on NYSE Arca's application to list a Bitwise ETF that includes both Bitcoin and Ethereum.
The proposal was filed by Bitwise and NYSE on Nov. 26, and the SEC is now moving the application to the next phase by soliciting comments from industry experts.
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The proposed ETF would be an index fund comprised of both BTC and ETH, offering investors a simple way to invest in the two major cryptocurrencies.
Industry experts believe that index ETFs, similar to the popular S&P 500 ETF, will be the next target for issuers in the cryptocurrency space.