SEC Proposes Rule Changes for WisdomTree Bitcoin Fund, Seeking Public Input

The U.S. Securities and Exchange Commission (SEC) is actively seeking public feedback on potential rule modifications that would enable the WisdomTree Bitcoin Fund to utilize physical creation and redemption processes. The SEC’s request for input comes after a series of delayed decisions regarding cryptocurrency exchange-traded fund (ETF) regulatory matters, including BlackRock’s iShares Bitcoin Trust, VanEck Bitcoin Trust, and VanEck Ethereum Trust. The agency has now opened a 21-day period for individuals to submit their written comments on whether the proposed rule change for the WisdomTree Bitcoin Fund should be implemented or rejected.