Bloomberg analysts: Positive signals emerge for physical subscription and redemption mechanisms after the approval of Bitcoin and Ethereum ETFs

ChainCatcher news, according to Bloomberg ETF analyst James Seyffart, recently, five funds listed on the CBOE submitted amended documents to the SEC, indicating that the regulatory agency is actively communicating with the funds and making detailed adjustments, which may pave the way for a physical creation and redemption mechanism.

It is important to note that this mechanism is only applicable 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.