SEC Approves In-Kind Redemptions for Spot Bitcoin & Ethereum ETFs
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The SEC just dropped a bombshell—approving in-kind redemptions for spot Bitcoin and Ethereum ETFs in a landmark decision.
Major exchanges (Nasdaq, NYSE Arca, Cboe BZX) got the green light to process in-kind transactions for ETFs from BlackRock, Ark21Shares, Fidelity, and others. The SEC also approved new Bitcoin-Ethereum combo funds and Bitcoin ETP options.
“A new day at the SEC,” declared Chairman Paul Atkins, signaling a shift toward crypto-friendly policies. The move ends a contentious debate over cash vs. in-kind redemptions—previously, issuers had to sell Bitcoin before paying investors.
Hester Peirce called this months ago, and now it’s official: Crypto ETFs just got a whole lot more efficient.
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