SEC Seeks Public Comment on Rule Changes to Allow WisdomTree Bitcoin Fund Physical Subscriptions and Redemptions
According to Wu Shuo, the U.S. Securities and Exchange Commission (SEC) is seeking public opinion on whether to amend rules to allow the WisdomTree Bitcoin Fund to conduct physical subscriptions and redemptions. Previously, the SEC had repeatedly delayed decisions on the mechanisms for physical subscriptions and redemptions of cryptocurrency ETFs, asking market participants for feedback on related products, including BlackRock's iShares Bitcoin Trust, VanEck Bitcoin Trust, and VanEck Ethereum Trust, among others.
