The US SEC has launched a process to review Bitwise's application for the listing of Bitcoin and Ether ETFs.

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[The SEC Launches Procedural Review of Bitwise Bitcoin and Ethereum ETF Listing Application] The U.S. Securities and Exchange Commission (SEC) announced on June 10, 2025, that it has initiated a procedural review of the Bitwise Bitcoin and Ethereum ETF listing application submitted by the NYSE Arca exchange. This ETF plans to hold both Bitcoin and Ethereum, with asset allocation based on the relative market capitalization of the two crypto assets (currently approximately 83% Bitcoin and 17% Ethereum). Bitwise Investment Advisers, LLC, as the sponsor of the trust, will have CEX Custody Trust Company responsible for the custody of Crypto Assets. The ETF will determine the 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.

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