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Bloomberg analyst: Positive signals emerge for the physical purchase and redemption mechanism of Bitcoin and Ethereum ETF approvals.
According to BlockBeats news, on July 23, Bloomberg ETF analyst James Seyffart stated that recently, five funds listed on CBOE submitted revised documents to the SEC, indicating that the regulatory agency is actively communicating and making adjustments with the funds, which may pave the way for a physical purchase and redemption mechanism. It is worth noting that this mechanism is only applicable to authorized participants (such as large Wall Street institutions and market makers), and ordinary investors cannot directly exchange ETF shares for Bitcoin or Ether spot assets.