Delays Decision on BlackRock's iShares $BTC #ETF redemption model
According to BlockBeats, the U.S. Securities and Exchange Commission (#SEC ) has postponed making a final decision on BlackRock’s proposed physical redemption model for its iShares Bitcoin Trust. The agency is now inviting public feedback on the matter.
Currently, the fund operates under a cash redemption system, where custodians sell Bitcoin and then return the proceeds to investors. Market experts believe that moving to a physical redemption model—where investors would receive actual Bitcoin—could improve the overall efficiency and liquidity of ETF transactions.
Meanwhile, the SEC has also delayed rulings on Grayscale’s applications for both its Litecoin and Solana Trusts. Additionally, the 21Shares Dogecoin has #ETF officially entered its public comment period.
