ETFs

A recent statement by Hester Pierce, one of the commissioners of the U.S. Securities and Exchange Commission (SEC), that repayment in kind for cryptocurrency exchange-traded funds (ETFs) "just around the corner" has attracted the attention of investors and analysts around the world. This statement fueled discussions around the possibilities and limitations that may arise when the rules for bitcoin ETFs, in particular, change.
What is repayment in kind?
Before delving into Pierce's comments, let's take a look at what "repayment in kind" means. In the context of ETFs, this means that investors can receive assets (such as bitcoins), rather than money, when withdrawing funds. In the case of cryptocurrencies, this would be a significant change from the current practice, when investors receive fiat money (for example, dollars) instead of bitcoins.
Companies like BlackRock have been lobbying for the SEC to allow in-kind repayment for their bitcoin ETFs for a long time. They believe that this will improve liquidity and allow for more efficient trading of such funds. At the moment, when an investor decides to withdraw their funds, the funds must buy bitcoins, sell them on the market and transfer the equivalent in fiat money.
Why is this important?
Allowing in-kind repayment will open up new opportunities for crypto ETFs. The current model, which requires the exchange of bitcoins for cash, limits the flexibility of funds and may create additional risks. Analysts such as James Seyfarth of Bloomberg Intelligence argue that this will allow funds to trade much more efficiently, as they will be able to directly manipulate assets rather than dealing with the intermediate steps of exchanging for money.
Why is the SEC delaying the decision for so long?
The main reason why the SEC has not yet allowed repayment in kind is due to concerns about the volatility of cryptocurrencies and the threat to investors. However, with the development of the market and increased interest from major players such as BlackRock, the SEC's attention is shifting towards changing approaches. Pierce confirmed that changes can be expected on the horizon, and this is likely to happen, but the timing remains uncertain.
How does this relate to the political situation?
Interestingly, the SEC's position on cryptocurrencies has changed with the arrival of new administrations. Under the Trump administration, the regulator was more loyal to cryptocurrency initiatives than under the Biden administration. After the change of government, companies seeking to create and launch cryptocurrency ETFs began to face more stringent requirements and questions from the SEC.
According to analysts, the likelihood that the SEC will approve such applications in the future is growing every year. Some experts even estimate the probability of approval of a crypto-ETF at 90% or higher.
What does this mean for cryptocurrencies?
If the SEC does allow in-kind repayment for crypto ETFs, it could be an important step in integrating cryptocurrencies into traditional financial markets. Investors will not only be able to buy and sell bitcoins through ETFs, but also be able to receive the cryptocurrency itself when withdrawing funds. This, in turn, can contribute to deeper liquidity and stability of the cryptocurrency market.
A question to ponder
However, one important question remains: What do you think is needed for the SEC to definitively resolve such a model, and how will this affect the future of cryptocurrency ETFs?
#SEC #CryptoNewss #ETFs #crypto

The SEC postponed a decision on the Polkadot ETF until November 8, 2025, while DOT rose 8.55%, driven by market optimism and a reduction in geopolitical tensions.
The US Securities and Exchange Commission (SEC) has postponed its decision on the 21Shares Polkadot (DOT) Spot Exchange-Traded Fund (ETF), which was initially scheduled for June 24, 2025. The delay comes as part of a broader trend in the SEC's cautious approach to cryptocurrency.
Despite the delay, Polkadot's price is up more than 8% over the past 24 hours, likely influenced by the easing of tensions in the ongoing Iran-Israel conflict.
SEC Delays Ruling on Polkadot ETF
The SEC had earlier planned to announce its decision on the 21Shares Polkadot ETF by June 24. However, the agency has now extended the review period, with a final decision expected by November 8, 2025.
The delay follows a pattern seen with other cryptocurrency ETFs, as the SEC continues to scrutinize the potential risks associated with digital.
Earlier, the SEC also extended its review of Grayscale's Polkadot ETF application, which was due on June 11. Both the 21Shares and Grayscale Polkadot ETFs are now under further scrutiny, with decisions expected by November.
In addition to Polkadot, other altcoins such as XRP, Litecoin (LTC), Solana (SOL), and Dogecoin (DOGE) have also experienced ETF approval delays.
\The SEC has extended the review period for several crypto ETFs to allow more time for public comment and evaluation.
Analysts are optimistic about Polkadot ETF's approval.
Despite the delay in the decision on 21Shares Polkadot ETF, analysts are optimistic about its approval.
Bloomberg analysts Eric Balchonas and James Seifert have raised the odds of approval for several cryptocurrency ETFs, including Polkadot, to “90% or higher.” They called the strong engagement from the SEC a positive sign for the future of these financial products.
James Seifert specifically noted that while the approval process for crypto ETFs may extend beyond October, approval is more likely.
“The SEC is taking a cautious but engaged approach, which could lead to approval in the last quarter of 2025,” he said in a recent update.
Polkadot Price Performance Amid ETF Delay
Despite the uncertainty surrounding the SEC’s decision, Polkadot’s price has gained more than 8% in the past 24 hours.
The rise in prices comes after a slight easing of geopolitical tensions in the Middle East, particularly between Iran and Israel.
The cooling of tensions in the region has sparked positive market sentiment, which may have contributed to Polkadot’s rally as Bitcoin’s price has surged above $106K.
Meanwhile, there is also speculation that memecoin ETFs, such as Dogecoin (DOGE), tied to tokens like Shiba Inu (SHIB) could emerge in 2026, according to Bloomberg analysts.
As the SEC reviews these products, it will continue to review concerns about market manipulation, volatility, and investor protection.

#SEC #memecoin🚀🚀🚀 #ETFs #Polkadot #Market_Update

Listen, something very interesting is happening in Japan with the crypt. A country that used to be quite cautious about digital assets is now changing course — and doing it in its own way, strictly, systematically, but with an eye to growth.
That's what the Japanese are up to. The Financial Services Agency of Japan (FSA) has proposed to officially recognize cryptocurrencies as financial products, rather than just digital means of payment. This is very important, because then they will fall under the securities act, just like ordinary stocks or bonds. This means that it will be possible to launch bitcoin ETFs, that is, funds that allow you to invest in bitcoin through the stock market, without bothering with wallets and exchanges.
Even cooler, they want to reduce taxes on income from cryptocurrencies. Now in Japan, there is a progressive scale: if you have earned a lot on the crypt, you can give more than half of your income to the tax, up to 55%! But if the changes are accepted, the rate will become fixed — 20%, as on income from shares. This is just a huge incentive for investors and companies to work in a legal field.
And this is not just a private initiative. These reforms are part of a larger plan for Japan's economic revival, which they call "new capitalism." The government has already officially included Web3, crypta, and NFT among its priorities — not as toys for techies, but as real tools for regional development and attracting investment.
What else is important:
In 2023, Japan has already abolished the tax on unrealized profits from tokens issued by companies — that is, they have taken a step towards normalizing corporate ownership of crypto assets.
In early 2024, the first bitcoin ETF was approved in the United States, and Japan clearly does not want to lag behind.
Asian neighbors like Singapore and Hong Kong are also actively building crypto-friendly regimes — competition for the status of a regional crypto hub is growing.
It turns out that Japan wants not just to catch up with the trend, but to integrate into the global financial system of the future, where crypto is a full—fledged asset class, not an exotic one.
This approach can not only attract new investors, but also retain those who are already working with cryptocurrencies, but left for other countries due to strict regulations.
And so I have a question for you, my friend: if Asia's largest economy decides to recognize the crypt as a financial instrument and impose the same tax on it as stocks, is this a sign that the crypt is really maturing, or is it just an attempt by the state not to miss money from a new trend?
$BTC #CryptoNewss #bitcoin #ETFs #cryptocurrency #Japan