Stephanie 178
Open Trade
Frequent Trader
4.2 Years
178的大高个高尔夫爱好者，欢迎一起切磋
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Bitcoin throne reinforced, Ethereum takes flight with both wings! Bitwise's physical redemption amendment accepted by SEC, just one step away from a hundred billion dollars!
Folks, the SEC, which manages money in the U.S., has just formally received a key amendment document submitted by Bitwise, stating that their application for Bitcoin and Ethereum spot ETFs will use physical redemption!
The phrase 'physical redemption' sounds like a technical task, but in reality, it is the last key to open the treasury door! Why is this so explosive? Let me break it down for you:
1. The bottlenecks that used to exist are now resolved!
Previously, the SEC only allowed cash redemptions, so institutions wanting to buy and sell ETF shares had to first convert them into cash, then buy coins, which was incredibly troublesome, inefficient, and costly due to high taxes!
The phrase 'physical redemption' sounds like a technical task, but in reality, it is the last key to open the treasury door! Why is this so explosive? Let me break it down for you:
1. The bottlenecks that used to exist are now resolved!
Previously, the SEC only allowed cash redemptions, so institutions wanting to buy and sell ETF shares had to first convert them into cash, then buy coins, which was incredibly troublesome, inefficient, and costly due to high taxes!
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Meeting
Is this going to run away? A pool of only a few tens of thousands with a position of 450,000, will buying in get stuck?
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