Bitcoin, Ethereum ETF Issuers Likely to Get SEC Approval for In-Kind Redemptions: Analyst
Main Idea
Several issuers with Bitcoin and Ethereum ETFs on the CBOE have filed amendments with the SEC, indicating progress toward enabling in-kind redemptions for these funds.
Key Points
1. Five issuers, including Invesco Galaxy, Ark 21Shares, VanEck, WisdomTree, and others, filed amendments with the SEC to add in-kind redemptions to their Bitcoin and Ethereum ETFs.
2. In-kind redemptions allow investors to redeem ETF shares for the fund’s underlying assets, which could address liquidity concerns in crypto-based funds.
3. The SEC has delayed decisions on in-kind redemptions for several crypto ETFs, including Bitwise Bitcoin ETF Trust, Bitwise Ethereum ETF, and BlackRock’s iShares Ethereum Trust (ETHA).
4. The SEC has received multiple crypto-related ETF proposals, and recent filings suggest ongoing discussions and fine-tuning with regulators.
5. Earlier in 2025, the SEC postponed decisions on spot Solana ETFs and Bitwise’s spot Ethereum ETF with staking features.
Description
Following a recent spate of filings from issuers to add in-kind redemptions to their Bitcoin and Ethereum ETFs, a Bloomberg analyst says progress is likely being made with the SEC.
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