#SEC Extends Decision Deadline on #Bitwise $BTC and $ETH #ETF In-Kind Redemptions


The SEC has delayed its ruling on in-kind redemptions for Bitwise's spot $BTC and $ETH ETFs on NYSE Arca.


In-kind redemptions would allow investors to redeem ETF shares for the underlying cryptocurrencies directly rather than cash.


This structure could provide significant tax advantages compared to traditional cash redemption methods.


The regulator extended its decision timeline but maintained the 45-day limit, extendable to a maximum of 90 days.


Grayscale attorneys previously criticized the #SEC for violating statutory approval deadlines on similar #ETF decisions.


SEC Chair Paul Atkins has signaled a more crypto-friendly approach, calling tokenization an "innovation" to encourage.


The regulator now prioritizes transparency and establishing foundations for innovation rather than "regulation through enforcement."


Bitwise's $BTC ETF has been among the top performers in the spot $BTC ETF category since its launch.

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July 17, 2025 at 5:36 PM
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