The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding BlackRock’s proposed physical Bitcoin ETF. This move comes after the SEC requested public feedback before proceeding. The potential for a change to the ETF subscription model was highlighted by this decision. 21Shares, Grayscale, and other organizations have also seen their applications delayed. This marks an ongoing shift from traditional cash-based methods toward models where shares are directly exchanged for Bitcoin. The SEC’s postponement signals a cautious approach toward further regulatory approvals, with potential implications on how investors interact with similar products. The market reacted to these developments with mixed sentiments, and industry experts await further clarity. Notably, BlackRock’s strategy has been aligned with the Nasdaq since January, indicating support for this model. This delay highlights a need for tailored models that accommodate Bitcoin’s unique characteristics, impacting ETF methodologies in the process. The SEC’s decision has significant implications for investor participation and market dynamics. It is expected that these regulatory choices could drive substantial interest in the crypto asset class.