SEC Engages with Funds on CBOE for Physical Redemption Mechanism

According to BlockBeats, Bloomberg ETF analyst James Seyffart reported that five funds listed on the CBOE have recently submitted revised documents to the SEC. This indicates that regulatory authorities are actively communicating with the funds and making detailed adjustments, potentially paving the way for a physical redemption mechanism. It is important to note that this mechanism is only applicable to authorized participants, such as large Wall Street institutions and market makers. Ordinary investors will not be able to directly exchange ETF shares for Bitcoin or Ethereum spot assets.