CoinVoice
vip

According to The Block, the U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on BlackRock's Bitcoin ETF physical subscription mechanism and has begun soliciting public opinions. If approved, this mechanism will allow investors to directly use Bitcoin instead of cash for ETF share subscriptions and redemptions, enhancing trading efficiency.


The rule amendment submitted by Nasdaq in January this year shows that the iShares Bitcoin Trust intends to adopt this model, but the SEC has previously favored a cash settlement mechanism. On the same day, the SEC delayed the approval of the Grayscale Litecoin Trust and the Grayscale Solana Trust, requesting public comments. On Tuesday, the SEC also sought public comments on the 21Shares Dogecoin ETF.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments