美SEC专员Hester Peirce：Cryptocurrency ETF with Physical Redemption Mechanism May Be Coming Soon

BlockBeats News, June 26th, according to The Block, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that the "physical redemption" mechanism for cryptocurrency exchange-traded funds (ETFs) may be on the horizon.

During a panel discussion held on Wednesday at the Bitcoin Policy Research Institute, Republican Commissioner Peirce was asked whether the SEC would approve the physical creation and redemption mechanism for ETFs, and whether this was "imminent." Several companies, including BlackRock, have been urging the SEC for months to allow Bitcoin ETFs to use a physical process for creation and redemption instead of having to use cash.

In January of this year, Nasdaq on behalf of BlackRock submitted a 19b-4 form requesting this change, followed by other institutions submitting similar applications. Hester Peirce responded, saying, "These forms are currently in the review process. So, I think that this is indeed something that will happen at some point. I can't predict the outcome, but we have certainly heard from a lot of people who are interested in this."