The US SEC delayed its decision on the in-kind redemption of Bitwise's crypto ETFs.

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The US SEC delayed its decision on the in-kind redemption of Bitwise's crypto ETFs.

July 17, 2025, 10:36 GMT - 32 minutes reading

The United States Securities and Exchange Commission (SEC) extended the deadline to rule on in-kind redemptions of two cryptocurrency exchange-traded funds (ETFs).

According to a document filed on Wednesday with the SEC, the regulator will take more time to decide whether to allow in-kind redemptions on NYSE Arca for Bitwise's spot Bitcoin (BTC) and Ether (ETH) ETFs. The deadline for the decision has been extended, but the underlying limit remains '45 days, extendable up to a maximum of 90.'

"The Commission believes it is appropriate to designate a longer period to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the announcement reads.

In-kind redemptions would allow investors to redeem the ETFs for the underlying assets directly, in this case, Bitcoin or Ether.

This could have tax implications, as the assets would be redeemed in-kind instead of being liquidated for cash.