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The SEC is showing signs of approving in-kind redemptions for Bitcoin and Ethereum ETFs, as five issuers filed amendments to their prospectuses. Bloomberg analyst James Seyffart suggests this indicates ‘positive movement’ from regulators. However, security concerns continue to delay final decisions.
- Five major issuers have filed amendments for Bitcoin and Ethereum ETFs, hinting at SEC progress on in-kind redemptions.
- The SEC has delayed decisions on multiple crypto ETFs due to security and logistical concerns.
- In-kind redemptions are tax-efficient but complex, prompting regulatory scrutiny over crypto fund structures.
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