US SEC delays ruling on Bitwise crypto ETF physical redemption application

By: odaily.com|2025/07/17 12:21:39

Odaily News The US SEC announced that it would extend the review period for the Bitwise spot Bitcoin and Ethereum ETF physical redemption proposal. If approved, investors will be able to redeem BTC or ETH assets directly. The proposal is currently pending review at NYSE Arca, and the SEC said it needs more time to evaluate relevant rule changes and potential issues. Physical redemption may affect tax treatment. (Cointelegraph)

From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."

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