The U.S. Securities and Exchange Commission (SEC) has delayed its decision on a proposed rule change that would allow in-kind creations and redemptions for the WisdomTree Bitcoin Fund, a spot Bitcoin exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on a proposed rule change that would allow in-kind creations and redemptions for the WisdomTree Bitcoin Fund, a spot Bitcoin exchange-traded fund (ETF). The SEC is currently seeking public feedback on this proposal, with the comment period open for 21 days. This move reflects the regulator’s cautious approach to modifications in the operational mechanisms of Bitcoin ETFs, as it evaluates the potential impacts of permitting in-kind transactions for the WisdomTree fund.
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