SEC Invites Public Input on WisdomTree Bitcoin ETF Mechanisms

The US Securities and Exchange Commission (SEC) is seeking feedback on the proposed mechanisms for WisdomTree’s Bitcoin ETF, a move with potential to reshape the crypto market. The proposal, which seeks to shift away from traditional cash-based redemption methods, aims to improve efficiency for institutional investors. This could lead to less Bitcoin forced sales during redemptions, potentially reducing market disruption, according to SEC Chair Gary Gensler. 🤯 If approved, this could set a precedent for other crypto ETFs and impact the future of digital asset regulation.