🚨 Bitwise Sparks Altcoin Fever! 🚀 In-Kind Redemptions for #DOGE and #APT Open the Door to More Than 70 ETFs! 💰💥
📢 Bitwise has made a masterstroke by modifying its ETF applications for #DOGECOİN (DOGE) and #Aptos (APT) to include in-kind redemptions! 🚀 This is a game-changer, as it allows investors to exchange ETF shares directly for the underlying tokens, considered more tax-efficient and appealing to all types of investors! 📈 SEC Commissioner Hester Pierce had already hinted at this: in-kind redemptions for crypto asset ETFs are on the horizon! 🌅
With this move, there are now over 70 cryptocurrency ETF applications awaiting review by the SEC! 🤯 From governance tokens to memecoins, the list is long. Aptos Labs even believes that an APT ETF would be a "turning point," injecting "significant capital, improving liquidity and providing a form of regulatory validation that institutions need." 💪 And let's not forget that the resurgence of SEC interest in cryptocurrencies, driven by the Trump administration, has led to at least 31 altcoin ETF applications in just the first half of 2025! 🔥
But, as always, there are two sides to the coin. Some critics argue that these ETFs centralize what was meant to be decentralized and undermine financial empowerment. 🤔
🤔 Do you think this avalanche of investment funds is the inevitable path toward mass adoption and legitimization of cryptocurrencies on Wall Street? 👇💬
