#BTC再创新高 What is physical redemption?
In simple terms, it means 'exchanging currency for shares': large accounts can directly exchange Bitcoin/Ethereum for ETF shares (no cash transactions required).
Destructive analogy: Equivalent to exchanging gold stored in a bank for gold bar certificates, institutions no longer need to sell off to cash out!
Bitwise's ambition:
Directly opening the cross-universe channel between the cryptocurrency world and the stock market! Once approved, Wall Street giants can use stock accounts to attack cryptocurrency prices with zero friction. The current $2 million sell wall pressing down on altcoins? A whale can swallow it in one bite!
