🚨NEWS: SEC approves physical creation and redemption of Bitcoin and Ethereum ETFs. The good @Phyrex_Ni has been made clear: a major benefit for improving liquidity and profitability! To add: "In-kind redemption" truly aligns the operation of Bitcoin and Ethereum ETFs with the mature model of gold ETFs, reducing operational friction and symbolizing the SEC's further recognition of the commodity attributes of mainstream crypto assets. For the average investor, there is a lower potential tracking error and fee; For the market as a whole, it means a step up in depth, efficiency and regulatory confidence.