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Bloomberg Analyst: Approval of Bitcoin and Ethereum ETFs Signals Positive Development in Physical Redemption Mechanism
Summary: According to Bloomberg, ETF analyst James Seyffart stated that recently, five funds listed on CBOE submitted revised documents to the SEC, indicating active communication and adjustments with regulators, potentially paving the way for a physical redemption mechanism. It is important to note that this mechanism is only applicable to authorized participants, such as large Wall ...
According to Bloomberg, ETF analyst James Seyffart stated that recently, five funds listed on CBOE submitted revised documents to the SEC, indicating active communication and adjustments with regulators, potentially paving the way for a physical redemption mechanism. It is important to note that this mechanism is only applicable to authorized participants, such as large Wall Street institutions and market makers, and not accessible for retail investors to directly exchange ETF shares for Bitcoin or Ethereum spot assets.
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Link: Bloomberg Analyst: Approval of Bitcoin and Ethereum ETFs Signals Positive Development in Physical Redemption Mechanism [Copy]
