The U.S. Securities and Exchange Commission (SEC) has expedited the approval of Bitwise's Bitcoin and Ethereum ETF, allowing it to be listed and traded on NYSE Arca. This hybrid fund, which offers investors direct exposure to both Bitcoin (BTC) and Ethereum (ETH) in a single product, reflects a broader acceptance of digital assets. The fund's asset allocation is set to comprise 83% Bitcoin and 17% Ethereum, based on market capitalization proportions. The approval comes amidst a surge in investor interest, with spot Bitcoin and Ethereum ETFs seeing inflows of approximately $655 million on January 30. BlackRock's Bitcoin ETF, IBIT, led with $321.5 million in inflows, while its Ethereum ETF, ETHA, saw $79.86 million. Fidelity's Bitcoin ETF, FBTC, and Ethereum ETF, FETH, followed with $209.14 million and $15.41 million in inflows, respectively. Other funds also saw positive activity, with Bitwise's BITB and ARK 21Shares' ARKB recording cumulative inflows of around $35 million, Franklin Templeton's EZBC adding $6.11 million, VanEck's HODL gaining $5.97 million, and Invesco Galaxy's BTCO attracting $5.24 million. Grayscale's Mini Bitcoin Trust and Mini Ethereum Trust rounded out the day with $4.65 million and $12.79 million in new investments, respectively, while Grayscale's Ethereum Trust reported outflows of $40.29 million. This rapid approval process, completed in just 45 days, suggests a potential shift in the SEC's stance on crypto-related financial products under the Trump administration's more industry-friendly approach.