PANews reported on June 3 that according to The Block, the US SEC has launched a consultation process on whether the WisdomTree Bitcoin Fund (BTCW) allows physical subscription and redemption mechanisms. The public can submit opinions within 21 days. This mechanism allows investors to redeem ETF shares with Bitcoin instead of cash. The SEC emphasized that this procedure does not represent a decision, but is for evaluating legal and policy issues. BTCW is a spot Bitcoin ETF approved in January 2024.