Mars Finance News, on June 10, the U.S. Securities and Exchange Commission (SEC) announced the initiation of a procedural review of the NYSE Arca exchange's submitted Bitwise Bitcoin and Ethereum Hybrid ETF listing application. The ETF plans to simultaneously hold Bitcoin and Ethereum, with asset allocation based on the relative market capitalization of the two cryptocurrencies (currently approximately 83% Bitcoin and 17% Ethereum). The ETF will determine its daily net asset value by referencing the CME CF Bitcoin and Ethereum pricing benchmarks and will allow authorized participants to make cash subscriptions and redemptions in units of 10,000 shares.
SEC begins review of Bitwise Bitcoin Ethereum hybrid ETF listing application
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