Wu says that Bitwise has announced the launch of a Bitcoin and Ethereum ETF intended to be listed on the New York Stock Exchange, and has submitted an S-1 registration document to the U.S. SEC. This ETF provides passive investment exposure based on the relative market value of Bitcoin and Ethereum, with assets held by Coinbase Custody and net asset value (NAV) calculated using CME CF benchmark pricing. It offers investors a way to invest without directly holding cryptocurrencies and ensures asset security through cold storage technology, making it suitable for users looking to invest indirectly in digital assets.