Ophelia Snyder, the CEO of 21Shares, stated to Bloomberg that various fund issuers are revising proposals for a physical Bitcoin ETF, indicating that the product may soon be approved. Snyder said, "Everyone is watching this game every minute and every day... Is it today or tomorrow? I think it's a challenging way to look at this issue. I think the most obvious sign is that we are breaking the pattern. This is really positive because changes in behavior can actually lead to changes in results, which is really exciting."