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Here's 1 New Reason to Buy $1,000 of Bitcoin and Ethereum Right Now

Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) just picked up yet another reason that makes them worth a small investment of $1,000, even if you already hold some of each. The Securities and Exchange Commission (SEC) on Jan. 30 approved the initial part of an application by Bitwise Asset Management to issue a combined Bitcoin and Ethereum exchange-traded fund (ETF), according to Bloomberg. Upon the announcement, the existing set of ETFs that hold either Bitcoin or Ethereum saw inflows of roughly $655 million in new cash, suggesting that there are institutional investors who see the combined ETF as a possibility that could send prices of both assets higher.

1 Unstoppable Cryptocurrency to Buy Before It Soars 3,800%, According to Cathie Wood

Bitcoin (CRYPTO: BTC) has a market capitalization of about $1.9 trillion as of this writing. It represents more than half of the total value of all cryptocurrencies in circulation, which currently stands at $3.2 trillion. Cathie Wood is the founder of Ark Investment Management, which operates several investment funds focused on innovative technologies like cryptocurrencies, electric vehicles, artificial intelligence, and more.

Better Cryptocurrency to Buy Now and Hold Forever: XRP vs. Bitcoin

XRP (CRYPTO: XRP) and Bitcoin (CRYPTO: BTC) are both heavyweight cryptocurrencies that are practically guaranteed to be around for the long haul. XRP is a coin designed to be the ultimate solution for processing cross-border payments and transactions, especially between financial institutions. Typically, the fees associated with XRP transfers are negligible, at fractions of a penny, and transactions are cleared within a few seconds or less.