The US SEC is seeking opinions on BlackRock's Bitcoin ETF physical redemption and has postponed proposals for Solana and DOGE.

GateUser-6433627c · 2025-05-13T21:56:25+00:00

The US SEC has postponed the decision on the physical redemption of BlackRock's Bitcoin ETF and has begun soliciting opinions, which may improve trading efficiency. At the same time, the proposals for Solana and DOGE have also been postponed for review, and the SEC is seeking public opinions.

GateUser-6433627c

2025-05-13 21:56:25

Abstract generation in progress

[SEC Solicits Opinions on BlackRock Bitcoin ETF Physical Redemption and Delays Proposals for Solana and DOGE] The U.S. Securities and Exchange Commission (SEC) on Tuesday delayed its decision on whether to allow BlackRock’s Bitcoin ETF to engage in physical redemptions and began soliciting public opinions. The SEC stated: “The Commission is initiating the review process under the Securities Exchange Act Section 19(b)(2)(B) to determine whether to approve or disapprove the proposed rule change.” Previously, the SEC was inclined to adopt a cash model, which involves immediately selling Bitcoin after it is removed from storage and returning cash to investors. If physical redemption is approved, “the trading efficiency of the ETF could be higher,” said Bloomberg analyst James Seyffart. Additionally, the SEC also delayed its review of Grayscale Litecoin Trust, Solana Trust, and 21Shares DOGE ETF, and similarly solicited public opinions.

BTC-0,81%

SOL-2,44%

DOGE-3,24%

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