๐๏ธ SEC Commissioner: In-Kind Redemptions for Crypto ETFs โOn the Horizonโ ๐๏ธ
SEC Commissioner Hester Peirce has confirmed that in-kind redemptions for crypto ETFs โ a key industry demand โ are โcertainly on the horizon,โ following growing pressure from firms like BlackRock.
๐ธ While no exact timeline was given, Peirce noted that relevant filings are currently under review.
๐ธ In-kind redemptions would allow ETFs to swap crypto directly rather than liquidating into fiat, improving efficiency, tax treatment, and market impact.
๐ Why it matters:
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Paves the way for more institution-friendly ETF structures
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Could boost liquidity and adoption of crypto spot ETFs
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Signals growing regulatory comfort with integrating crypto into traditional finance infrastructure
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