SEC seeks opinions on physical redemption of BlackRock Bitcoin ETF and delays Solana and Dogecoin proposal

According to Golden Finance, the US Securities and Exchange Commission (SEC) postponed its decision on whether to allow physical redemptions of the BlackRock Bitcoin ETF on Tuesday and began soliciting public opinions. The SEC stated that the committee has initiated a review process under Section 19 (b) (2) (B) of the Securities and Exchange Act to determine whether to approve or reject proposed rule changes. ”Previously, the SEC tended to adopt a cash model, which involved selling Bitcoin immediately after it was removed from storage and returning the cash to investors. If the physical redemption is approved, "ETF trading efficiency may be higher," said Bloomberg analyst James Seyfart. In addition, the SEC has postponed the review of Grayscale Litecoin Trust, Solana Trust, and 21Shares Dogecoin ETF, and is also soliciting public opinions.