BlockBeats news, July 23, Bloomberg ETF analyst James Seyffart stated that recently, five funds listed on the CBOE submitted amended documents to the SEC, indicating that the regulator is actively communicating and making adjustments with the funds, potentially paving the way for a physical subscription and redemption mechanism.
It is worth noting that this mechanism is only applicable to authorized participants (such as large Wall Street institutions and market makers); ordinary investors cannot directly exchange ETF shares for Bitcoin or Ethereum spot assets.
