proshares and bitwise have submitted proposals to the us securities and exchange commission sec for the establishment of an exchangetraded fund etf that would concentrate on bitcoin btcusd and ether ethusd as per the application from proshares the bitcoin and ether equal weight etf is intended to track the performance of maintaining long positions in the soonest maturing monthly bitcoin and ether futures contracts simultaneously bitwise has lodged an application for a bitcoin and ether market weight etf the anticipation surrounding the potential approval of a spot bitcoin exchangetraded fund has been growing recently currently the us only permits investments in bitcoin futures etfs which are supported by bitcoin derivatives this recent application expands proshares portfolio of cryptorelated funds which already includes a bitcoin futures etf in the previous month the group submitted a proposal to the sec for an etf that would focus on the metaverse read next hashkeys new license could spark a wave of investment in hong kongs digital asset sector join benzingas future of digital assets in nyc on nov 14 2023 to stay updated on trends like ai regulations sec actions  institutional adoption in the crypto space secure early bird discounted tickets now