The U.S. SEC delayed approval and feedback on a number of crypto ETF applications, including a physical subscription mechanism for BlackRock's Bitcoin ETF

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According to The Block, the U.S. Securities and Exchange Commission (SEC) announced the postponement of a decision on the physical subscription mechanism for the BlackRock Bitcoin ETF and began a public consultation. If approved, the mechanism will allow investors to subscribe and redeem ETF shares directly in Bitcoin instead of cash, improving trading efficiency.

The rule amendments filed by Nasdaq in January showed that the iShares Bitcoin Trust intends to adopt this model, but the SEC has previously preferred a cash-settled mechanism. On the same day, the SEC postponed the approval of the Grayscale Litecoin Trust and the Grayscale Solana Trust for public comment. The SEC also solicited public comment on the 21Shares Dogecoin ETF on Tuesday.

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