The SEC has approved in-kind redemptions for crypto ETFs, enabling a feature sought by Bitcoin and Ethereum fund issuers.
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Bitcoin ETF institutional investors will now be able to redeem shares for BTC
“It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” he said. “Today’s approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market.”
