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Bloomberg analyst: Positive signals emerge for the physical purchase and redemption mechanism of Bitcoin and Ethereum ETF approvals.
According to BlockBeats, on July 23, Bloomberg ETF analyst James Seyffart stated that recently, five funds listed on the CBOE submitted revised documents to the SEC, indicating that the regulators are actively communicating and adjusting details with the fund parties, possibly 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), and ordinary investors cannot directly exchange ETF shares for Bitcoin or Ether spot assets.