🇺🇸 TODAY: SEC Commissioner Hester Peirce confirms that in-kind redemptions for crypto ETFs are coming soon!
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🗣️ Statement:
– Hester Peirce, one of the prominent supporters of crypto within the U.S. Securities and Exchange Commission (SEC), said:
> "In-kind redemptions for crypto funds are on the horizon."
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💡 What are In-Kind Redemptions?
– It means allowing investors to redeem their shares from ETF funds directly in digital assets (such as $BTC or $ETH)
– Instead of receiving them as cash (Fiat)
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📈 Why is this important?
– It reduces the risks and fees associated with converting digital currencies to cash
– It enhances market efficiency and makes crypto funds more attractive to institutions
– A significant step towards deeper integration between traditional markets and blockchain
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❓Do you think this decision will make crypto ETFs more flexible and effective?
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