BlockBeats News, June 3rd, the U.S. Securities and Exchange Commission is seeking comments on whether to amend the rules to allow the WisdomTree Bitcoin Fund to conduct in-kind creation and redemption.
Previously, the SEC has repeatedly postponed and sought feedback on the in-kind creation and redemption rules for cryptocurrency ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), VanEck Bitcoin Trust, and VanEck Ethereum Trust.
Regarding the WisdomTree Bitcoin Fund, the SEC, in an announcement released on Monday, invited individuals to submit written data, views, or arguments within 21 days to explain whether the rule change should be approved or denied.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.