The U.S. Securities and Exchange Commission (SEC) has initiated the review process for the proposed listing and trading rules for Bitcoin and Ethereum ETF by NYSE Arca. This is an important milestone for the mainstream cryptocurrency market.
This ETF, under the custody of Bitwise, will allocate assets based on the market capitalization of the two largest cryptocurrencies—83% for Bitcoin, 17% for Ethereum at the time of submission. The net value is established daily, based on the CME CF price index—a reliable industry pricing standard.
SEC emphasized that it will strictly evaluate the anti-fraud and price manipulation design of this ETF. Prevention mechanisms against misconduct have always been a critical condition when assessing financial derivative products related to cryptocurrencies.
The community has the right to submit written comments within 21 days from the date of announcement on the Federal Register. Counterarguments can be submitted within 35 days. This creates conditions for transparency and public participation in important decisions affecting the cryptocurrency ecosystem.
