SEC Delays Decision on BlackRock Bitcoin Trust Redemption Mechanism

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on Blackrock’s iShares Bitcoin Trust’s physical redemption mechanism, seeking public comment on the proposed change. Currently, the existing cash redemption model requires custodians to sell Bitcoin before refunding investors. This delay in decision-making has sparked discussion among analysts regarding its potential impact on ETF trading efficiency. Meanwhile, Grayscale’s proposals for a Litecoin Trust and Solana Trust remain pending, while 21Shares Dogecoin ETF has entered the public comment phase.