During a recent panel discussion, Republican Commissioner Hester Peirce of the US Securities and Exchange Commission (SEC) stated that the physical subscription and redemption mechanism for cryptocurrency ETFs "will definitely emerge at some point," and the relevant forms are currently undergoing review. Several companies, including BlackRock, have previously submitted applications to the SEC to transition Bitcoin ETFs from a cash subscription/redemption model to support physical operations. Peirce pointed out that a large number of companies have expressed a strong interest in physical mechanisms. （TheBlock） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44580