As of February 1, 2025, Ethereum (ETH) is trading at approximately $3,248.71, down 2.1% over the past 24 hours. The 24-hour trading volume is around $20.11 billion. The RSI is at 48 right now, which puts ETH in the neutral zone. The SEC has just given the green light to Bitwise’s Bitcoin and Ethereum ETF.

According to Hougan, if the January flow is annualized, Bitcoin ETFs would record around $59 billion in inflows, far above the $35.2 billion inflows in 2024.

Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization. NYSE Arca filed a 19b-4 form with the SEC last November.

The Securities and Exchange Commission has approved part of an application by Bitwise Asset Management for a combined bitcoin (BTC-USD) and ether (ETH-USD) exchange-traded fund. The proposed Bitwise Bitcoin and Ethereum ETF will hold both spot bitcoin (BTC-USD) and spot ether (ETH-USD) weighted according to their market capitalizations,

US spot Bitcoin ETFs saw inflows totaling nearly $5 billion in January, a strong start that could push them toward $50 billion by year end.

Bitwise's Chief Investment Officer Matt Hougan reported that US spot Bitcoin exchange-traded funds (ETFs) experienced nearly $5 billion in inflows during January, setting a pace that could exceed $50 billion for the year.

U.S. spot Bitcoin ETFs command $119.66 billion in BTC or 5.94% of its market cap. Bitcoin is down 4.21% in the past 24 hours and