💥A Crucial Step for Crypto ETFs: The SEC Approves In-Kind Redemptions!
Great news! The SEC has expedited the approval of rule changes for the ETFs of #bitcoin and #Ethereum , now allowing in-kind creations and redemptions. This means that market makers will be able to exchange ETF shares directly for cryptocurrencies instead of cash.
This change represents a significant step, bringing cryptocurrency ETFs closer to traditional funds and improving their efficiency. Several managers have already submitted amendments to their proposals. Although some analysts anticipate broader approval by September, this move is a positive signal that could increase institutional and retail interest in the digital asset market.
