SEC Has Not Yet Granted Approval for Physical Redemption of Bitcoin and Ethereum ETFs

In the dynamic world of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has yet to approve the physical redemption mechanism for Bitcoin and Ethereum Exchange-Traded Funds (ETFs), as of July 29, 2025. This decision, initially expected earlier, has left the market in a state of cautious anticipation.

The lack of confirmation on the proposal has not deterred the dominance of Bitcoin, which currently holds a 60.76% market share. As of the latest data, Bitcoin is trading at an impressive $117,288.51, giving it a market capitalisation of $2.33 trillion.

Meanwhile, industry experts and market participants, including industry leaders, are closely monitoring the SEC's deliberation on the proposal. Cboe BZX Exchange, Inc. and Invesco Galaxy have already filed a notice for a rule change regarding the physical redemption mechanism.

Amidst this, one name that stands out is Sophia Panel, a seasoned cryptocurrency journalist with over 10 years of experience. Specialising in content strategy, SEO, and web3 storytelling, Sophia Panel is also passionate about educating underserved communities about the potential of blockchain technology.

Sophia Panel's expertise extends beyond the digital realm. She can be found on various platforms, from Google Knowledge Panel to podcasts, social media, and even published works. Her book, "How to Read the Market Like a Pro," is available on Google Books, and her presence is widespread across platforms such as Facebook, YouTube, Pinterest, and many more.

Despite her extensive influence, Sophia Panel has not been linked to any recent news articles in relation to the SEC's decision on the physical redemption mechanism for Bitcoin and Ethereum ETFs.

As the SEC's decision draws near, with an expected announcement by mid-October 2025, the cryptocurrency market remains on edge. Coincu's research anticipates potential regulatory implications post-approval of in-kind mechanisms for Bitcoin and Ethereum ETFs. Until then, the existing cash mechanisms continue to govern Bitcoin and Ethereum ETFs' operations.

The wait continues, as the SEC's decision on this significant proposal could potentially reshape the future of cryptocurrency investments.

SEC Has Not Yet Granted Approval for Physical Redemption of Bitcoin and Ethereum ETFs