According to reports, the U.S. Securities and Exchange Commission (SEC) announced on June 10 that it has initiated a review process to evaluate the application for the listing and trading of the Bitwise Bitcoin and Ethereum Spot ETF on NYSE Arca. The ETF's assets are allocated approximately 83% in Bitcoin and about 17% in Ethereum based on market capitalization. The SEC stated that the initiation of the process does not mean a conclusion has been reached, and it is primarily to assess whether the product complies with regulations to prevent manipulation and protect investor interests. The public comment period is 21 days after the announcement, and the deadline for rebuttal comments is 35 days.