The Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s proposed change to how its iShares Bitcoin Trust handles redemptions. Public comments are now being solicited as the SEC weighs the potential impact of this shift, signaling a delay in its approval process. This request for feedback marks an important step towards shaping the future of crypto ETFs within U.S. markets. Previously, BlackRock’s ETF required redemptions to be handled in cash, which proved complex and led to additional administrative costs for investors. In contrast, in-kind redemptions would eliminate this requirement, streamlining operations and potentially lowering transaction costs. However, the SEC is still grappling with policy and legal implications associated with such a significant change. The agency’s decision on whether to approve or reject BlackRock’s rule change could have far-reaching effects on the evolution of cryptocurrency ETFs in the U.S. market.