As is known, the U.S. Securities and Exchange Commission (#SEC ) approved #بيتكوين spot exchange-traded funds in 2024. During its approval, it pressured to include only cash redemptions and rejected the physical redemption option in requests for spot Bitcoin exchange-traded funds.
However, BlackRock submitted requests for physical redemptions for its ISHARES #Bitcoin ETF at the beginning of 2025. At this stage, companies, including BlackRock, have been asking the U.S. Securities and Exchange Commission (SEC) for months to allow physical investments and buybacks for Bitcoin exchange-traded funds.
At this stage, if physical redemptions with tax benefits are accepted, it would be positive for the cryptocurrency market. And since these features can be achieved without selling cryptocurrencies, they reduce selling pressure in the market.
While this development is eagerly awaited, Hester Peirce, the Republican member of the U.S. Securities and Exchange Commission (SEC), stated that the physical redemptions that the commission has been postponing for Bitcoin exchange-traded funds are imminent.
In her talk at the Bitcoin Policy Institute, Hester Peirce stated that the creation and redemption of physical Bitcoin ($BTC ) and cryptocurrency exchange-traded funds are on the horizon and will inevitably come.
Peirce added that the SEC's stance on Bitcoin exchange-traded funds is insufficient, noting that the filings for physical investment and redemption requests are currently under review by the commission.
The commission has mismanaged the spot Bitcoin exchange-traded fund.
Additionally, the requests for investment and redemption themselves for the spot Bitcoin exchange-traded fund are subject to review by the commission.
So I believe it will definitely be approved at some point. It's just a guess, but we are witnessing great interest in these features.
The U.S. Securities and Exchange Commission (SEC) under President Donald Trump adopted a friendlier approach towards Bitcoin and digital currencies compared to the SEC under Joe Biden.
Since the Trump administration, requests for exchange-traded funds have not been limited to Bitcoin and Ethereum, as many major companies have submitted requests to the U.S. Securities and Exchange Commission (SEC) for alternative coins, ranging from Ripple ($XRP ) to Solana ($SOL ) and Dogecoin (#DOGE ).
While the market expects approval for alternative coin exchange-traded funds in 2025, Bloomberg ETF analysts James Seyfart and Eric Balchunas say the likelihood of the SEC approving most requests for alternative coin exchange-traded funds is 90% or more.
*This is not investment advice.
