Bloomberg analyst: Bitcoin and Ethereum ETF approved physical subscription redemption mechanism shows positive signals

According to BlockBeats, on July 23rd, James Seyfart, an ETF analyst at Bloomberg, stated that five CBOE listed funds have recently submitted revised documents to the SEC, indicating that regulatory agencies are actively communicating and making detailed adjustments with fund owners, which may pave the way for physical subscription and redemption mechanisms. It is worth noting that this mechanism only applies to authorized participants (such as large Wall Street institutions and market makers), and ordinary investors cannot directly exchange ETF shares for Bitcoin or Ethereum spot assets.