NYSE Arca to list Bitwise Bitcoin and Ethereum ETF By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
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Source: Investing.com
SEC Approval for Crypto ETF: The U.S. SEC has approved NYSE Arca to list and trade Bitwise's Bitcoin and Ethereum ETF, marking a significant regulatory shift in the cryptocurrency market and providing investors with exposure to these leading digital assets.
Changing Regulatory Landscape: The approval reflects an increasing openness from the SEC towards crypto products, as evidenced by recent filings from various firms for additional crypto ETFs and previous approvals for crypto index ETFs.
Analyst Views on BITW
Wall Street analysts forecast BITW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 60.610
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
