Continued Applications for Physical Settlement and Redemption of Cryptocurrency ETFs in the U.S.

On the 21st, the Cboe BZX Exchange submitted applications to the U.S. Securities and Exchange Commission (SEC) to enable physical settlement and redemption for several cryptocurrency ETFs in the U.S. The applications include products from companies such as Fidelity and Franklin Templeton, focusing on Bitcoin and Ethereum physical ETFs. Recently, similar filings have been made by various firms. Physical settlement and redemption are expected to enhance ETF efficiency and reduce price volatility risks associated with cash transactions, drawing significant attention. Since last year, there has been a growing focus in the U.S. on Bitcoin (BTC) and Ethereum...