In the early hours of Wednesday Beijing time, the SEC suddenly announced the approval for physical redemption of the spot ETFs for $BTC and $ETH. This is the most significant 'institutional upgrade' for crypto assets within the U.S. regulatory framework following the approval of spot ETFs, meaning that BTC and ETH have officially gained equal status to mainstream assets like gold, and is the 'final piece' for global institutions to compliantly allocate crypto assets. SEC Chairman Paul S. Atkins

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