On February 19, 2025, NYSE Arca, Inc. submitted a proposal to the Securities and Exchange Commission to list and trade shares of the Bitwise Bitcoin and Ethereum ETF. The Commission published this proposal on March 12, 2025, opening it for public comment. The deadline for the Commission's decision was initially set for April 26, 2025, but they extended it to June 10, 2025, to allow more time for consideration. This gives the Commission more time to decide whether to approve or disapprove the proposal.
Simple Explanation
The people who make the rules for trading on big markets need more time to decide if they should allow a special new type of trading for something called a "Bitwise Bitcoin and Ethereum ETF." They were supposed to decide by April but now they will decide in June instead.