SEC Seeks Feedback on BlackRock Bitcoin ETF Physical Redemption, Delays Grayscale Solana and Litecoin ETF Proposals

BlockBeats News, May 14, according to TheBlock, the U.S. SEC has delayed its decision on BlackRock's iShares Bitcoin Trust's in-kind redemption mechanism, requesting public opinions on the proposal. The current cash redemption model requires the custodian to sell Bitcoin first and then return cash to investors. Analysts point out that approval of in-kind redemption would improve ETF trading efficiency.

In addition, proposals for Grayscale Litecoin Trust, Grayscale Solana Trust have been delayed, and the 21Shares Dogecoin ETF has entered the public comment period.