Gate News bot message, the SEC announced on June 10 that it has initiated a formal review process for the Bitwise Bitcoin and Ethereum Spot ETF application submitted by NYSE Arca.
The ETF’s asset allocation plan is based on market capitalization weighting, with 83% Bitcoin and 17% Ethereum. The SEC announcement stated that the goal of this review is to assess the product’s compliance in preventing market manipulation and protecting investors.
The public opinion collection period is 21 days after release, and the deadline for submitting rebuttal opinions is 35 days.
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The SEC has started reviewing the Bitwise Bitcoin and Ether Spot ETF application.
Gate News bot message, the SEC announced on June 10 that it has initiated a formal review process for the Bitwise Bitcoin and Ethereum Spot ETF application submitted by NYSE Arca.
The ETF’s asset allocation plan is based on market capitalization weighting, with 83% Bitcoin and 17% Ethereum. The SEC announcement stated that the goal of this review is to assess the product’s compliance in preventing market manipulation and protecting investors.
The public opinion collection period is 21 days after release, and the deadline for submitting rebuttal opinions is 35 days.