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SEC is soliciting public comments on the NYSE Arca's application to list Bitwise's dual-currency ETF product.
Deep Tide TechFlow news, on December 12th, the US Securities and Exchange Commission (SEC) announced on December 10th that it is soliciting public comments on the application of Bitwise dual-currency ETF product listed on the NYSE Arca exchange. This product will track two major encryption assets, Bitcoin (BTC) and Ethereum (ETH), and Bitwise stated that this will provide investors with a "balanced exposure to the two largest encryption assets in the world in a simple way".
In terms of market competition, NYSE Arca also submitted an application for the listing of the Bitwise 10 Crypto Index Fund on November 27, which plans to track a more diversified encryption asset portfolio. In addition, NYSE Arca applied for the listing of the Grayscale Digital Large Cap Fund to the SEC on October 29.