Breaking: SEC Approves In-Kind Redemptions for Bitcoin and Ethereum ETFs
Main Idea
The SEC has approved in-kind redemptions for Bitcoin and Ethereum ETFs, which is expected to improve efficiency and reduce costs for investors.
Key Points
1. The U.S. Securities and Exchange Commission (SEC) has voted to approve in-kind redemptions for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
2. Previously, crypto ETFs were limited to cash-based redemptions.
3. SEC Chair Paul Atkins stated that the approvals contribute to building a rational framework that benefits all American investors.
4. Commissioner Hester Peirce, a known cryptocurrency advocate, expressed support for the approval on her social media profile.
Description
The SEC has finally approved in-kind redemptions for Bitcoin and Ethereum ETFs, boosting efficiency and lowering costs
$ETH
$3768.06
-1.81%
$BTC
$117625.5
-0.81%
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