SEC Delays Decision on BlackRock Bitcoin Trust Redemption Mechanism

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on BlackRock's iShares Bitcoin Trust's physical redemption mechanism. The regulatory body is seeking public comments on the proposal. Currently, the cash redemption model requires custodians to sell Bitcoin before returning cash to investors. Analysts suggest that approval of the physical redemption could enhance the efficiency of ETF trading. In addition, the proposals for Grayscale's Litecoin Trust and Solana Trust have been delayed, while the 21Shares Dogecoin ETF has entered the public comment phase.