#BTC再创新高 SEC This lightning response is by no means accidental:

Policy Tailwind: The Trump administration's clear pro-crypto stance, the new SEC chairman has stated the need to "say goodbye to the ostrich policy," and in May, for the first time admitted that "most tokens are not securities."

Competitive Squeeze:

Seven institutions, including Grayscale and Fidelity, are already eyeing the market.

If Bitwise manages to secure physical redemptions first, it will exclusively enjoy a massive institutional capital pool worth hundreds of billions.

Historical Script Repeats:

Before the approval of the Bitcoin spot ETF in January 2024, BlackRock made a comeback by relying on a physical redemption plan to claim victory.

This time, Bitwise is replicating the miraculous operation, and the SEC approval period has been compressed from 240 days to 45 days!