On May 14, the U.S. Securities and Exchange Commission (SEC) announced it will delay its decision on the physical registration mechanism of the Bitcoin ETF proposed by BlackRock and begin gathering public opinions. If approved, this mechanism will allow investors to register and convert ETF shares directly with Bitcoin instead of cash, enhancing trading efficiency. The rule change was submitted by Nasdaq in January of this year, indicating that iShares Bitcoin Trust intends to adopt this model, but previously the SEC prioritized cash payment mechanisms. On the same day, the SEC also postponed the approval of Grayscale Litecoin Trust and Grayscale Solana Trust while requesting public opinions. On Tuesday, the SEC gathered opinions on the 21Shares Dogecoin ETF. This content is intended only to provide market information and is not investment advice.
Source: https://tintucbitcoin.com/sec-tri-hoan-phe-duyet-bitcoin-etf-lay-y-kien-tu-cong-chung/
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