The U.S. SEC is seeking public feedback on allowing the WisdomTree Bitcoin Fund (BTCW) to use in-kind creation and redemption, enabling investors to receive Bitcoin directly instead of cash. This follows similar reviews for ETFs like BlackRock’s IBIT and VanEck. Public comments are open for 21 days to assess legal and policy impacts. BTCW was approved in January 2024, and in-kind mechanisms could improve capital efficiency.