Bloomberg ETF analyst Eric Balchunas notes that the U.S. SEC wants ETFs created based on cash creation rather than spot, indicating a positive shift. The SEC requests amendments to be submitted in the coming weeks, aiming to reduce risks by avoiding the need to trade actual coins. Balchunas sees this as a positive development, although it may adjust or delay the schedule for BTC spot ETFs. Overall, the SEC's adjustments are viewed as positive progress by regulators. 🔄💼