Bloomberg Analyst: It is rumored that the first group of approved Bitcoin spot ETFs will only allow cash subscriptions

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that the most important thing everyone is discussing is whether the SEC will allow physical subscriptions. There are rumors that the first group will only allow cash subscriptions. Many issuers are prepared for both (if BlackRock wins the SEC's backing, many will do so in kind as well. If not, they'll exit in cash).