🗞️ SEC Commissioner: In-Kind Redemptions for Crypto ETFs “On the Horizon” 🗞️
SEC Commissioner Hester Peirce has confirmed that in-kind redemptions for crypto ETFs — a key industry demand — are “certainly on the horizon,” following growing pressure from firms like BlackRock.
🔸 While no exact timeline was given, Peirce noted that relevant filings are currently under review.
🔸 In-kind redemptions would allow ETFs to swap crypto directly rather than liquidating into fiat, improving efficiency, tax treatment, and market impact.
📌 Why it matters:
✅ Paves the way for more institution-friendly ETF structures
✅ Could boost liquidity and adoption of crypto spot ETFs
✅ Signals growing regulatory comfort with integrating crypto into traditional finance infrastructure
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