CoinVoice has recently learned that, according to Bloomberg ETF analyst James Seyffart, five funds listed on the CBOE have submitted amended documents to the SEC, indicating that the regulators are actively communicating and making detailed adjustments with the funds, which may pave the way for a physical purchase 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), and ordinary investors cannot directly exchange ETF shares for Bitcoin or Ethereum spot assets. [Original link]