Wall Street Set to Benefit as In-Kind Crypto ETF Redemptions Gain Momentum

Recent developments suggest positive developments toward in-kind creations for crypto ETFs (exchange-traded funds) after major providers filed amendments. The US SEC (Securities and Exchange Commission) initially approved cash redemptions for Bitcoin and the Ethereum ETFs. Wall Street Set to Benefit as SEC Inches Closer to In-Kind Crypto ETF Approval Major providers filed amendments for in-kind creations and redemptions for their Bitcoin and Ethereum ETFs. They seek to transition from the current mode, where customers give the issuer cash for new ETF shares, and then the issuer buys Bitcoin source: https://beincrypto.com/sec-filings-in-kind-crypto-etf-progress/