US SEC Seeks Feedback on Physical Creation and Redemption of WisdomTree Bitcoin Fund
According to a report by Jinse Finance, the U.S. Securities and Exchange Commission is seeking feedback to decide whether to amend the rules to allow the WisdomTree Bitcoin Fund to conduct physical creation and redemption. According to the announcement released by the agency, regarding the WisdomTree Bitcoin Fund, the SEC invites individuals to submit written data, views, or arguments within 21 days to decide whether the rule change should be approved or opposed. The WisdomTree Bitcoin Fund (BTCW) is a spot Bitcoin exchange-traded fund (ETF) that was initially approved in January 2024. Physical redemption allows investors to redeem their shares in the fund using the underlying asset (in this case, Bitcoin) instead of cash.
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