TechFlow news, June 10 — According to an official announcement, the U.S. Securities and Exchange Commission (SEC) announced on June 10, 2025, that it has initiated a review process for the listing application of the Bitwise Bitcoin and Ethereum ETF submitted by NYSE Arca. This ETF plans to hold both Bitcoin and Ethereum, with asset allocation based on the relative market capitalization of the two cryptocurrencies (currently approximately 83% Bitcoin and 17% Ethereum).
Bitwise Investment Advisers, LLC will serve as the sponsor of the trust, and Coinbase Custody Trust Company will be responsible for custody of the digital assets. The ETF will determine its daily net asset value by referencing the CME CF Bitcoin and Ethereum reference rates, and will allow authorized participants to create and redeem shares in blocks of 10,000 units for cash.
