SEC Takes Action on NYSE Arca’s Bitcoin & Ethereum ETF Proposal

The U.S. Securities and Exchange Commission (SEC) has initiated a review of NYSE Arca’s application to list and trade a Bitcoin and Ethereum exchange-traded fund (ETF). The proposal, submitted by Bitwise, aims to offer exposure to both cryptocurrencies. This ETF will have an asset allocation based on the relative market value of Bitcoin and Ethereum, with 83% allocated to Bitcoin and 17% to Ethereum as reported at the time of filing.