This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The SEC is reviewing rule changes that would permit authorized participants to exchange Bitcoin or Ether directly for ETF shares, signaling a potential shift in crypto ETF operations. Major issuers like Ark 21Shares and Fidelity have filed identical amendments, suggesting regulatory alignment ahead of approval. This move could enhance liquidity and reduce tax inefficiencies in the crypto ETF market.
- Major crypto ETF issuers filed identical amendments for in-kind redemptions, signaling SEC alignment.
- In-kind transfers could reduce tax leakage, improve liquidity, and narrow price spreads in crypto ETFs.
- The SEC is reviewing custody and settlement safeguards, mirroring its cautious approval of cash-based ETFs in early 2024.
📎 Related coverage from: crypto-news-flash.com
Other Tags: Invesco Galaxy, James Seyffart, VANECK, Bitcoin ETF, Bloomberg Intelligence, Ethereum ETF, WisdomTree