SEC Unveils Proposal to Modify WisdomTree Bitcoin Fund, Seeking Public Input

The SEC has opened the floor to public comment on a proposed rule change for the WisdomTree Bitcoin Fund related to in-kind creations and redemptions. The Cboe BZX Exchange formally announced this proposal on June 2, 2025. This move could impact the Bitcoin market significantly as it potentially facilitates increased institutional involvement in exchange-traded funds (ETFs). The proposal’s aim is to streamline fund management operations, including efficiency and cost reduction. The SEC has issued a public notice seeking feedback from the market.