Bitwise Tweaks Altcoin ETF Plans as In-Kind Redemptions Gain Steam
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Bitwise is doubling down on its Dogecoin and Aptos ETF bids by adding in-kind redemptions—a feature that could set a precedent for future altcoin funds.
The updated filings arrive amid heightened SEC scrutiny of crypto ETF mechanics, including a recent call for public comments on in-kind models.
Unlike cash redemptions, in-kind transactions let investors receive actual DOGE or APT tokens when exiting the ETF, reducing tax burdens.
Aptos Labs’ capital markets head Solomon Tesfaye hailed the potential listings as a milestone for blockchain adoption in mainstream finance.
With SEC Commissioner Peirce signaling openness, the crypto ETF landscape may be on the verge of a major evolution.
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