Bloomberg Analyst: Positive Signs Emerge for Spot Creation and Redemption Mechanism Approval in Bitcoin and Ethereum ETFs

According to ChainCatcher, Bloomberg ETF analyst James Seyffart stated in a recent post that five funds listed on the CBOE have submitted amended documents to the SEC, indicating that regulators are actively communicating with fund providers and making detailed adjustments, possibly paving the way for a physical creation and redemption mechanism.

It is worth noting that this mechanism applies only to authorized participants, such as major Wall Street institutions and market makers. Ordinary investors cannot directly exchange ETF shares for spot Bitcoin or Ethereum assets.