#Bitcoin and #Ethereum ETF Issuers File In-Kind Redemption Amendments


Multiple ETF issuers including 21Shares, Fidelity, and Franklin Templeton filed amendments seeking in-kind redemptions for crypto funds.


The amendments cover spot $BTC and $ETH exchange-traded funds as well as future crypto ETF products.


Bloomberg Intelligence analyst James Seyffart called the filings "positive signs" indicating momentum at the SEC.


#SEC Commissioner Hester Peirce previously stated that in-kind redemptions for crypto ETFs are "on the horizon."


The changes would only apply to authorized participants like major Wall Street firms and market makers, not retail traders.


#ETF expert Seyffart noted that most people won't see a difference as current products already trade efficiently.


The SEC is reportedly considering a faster approval framework that could open crypto ETF "floodgates" for dozens of pending applications.

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July 23, 2025 at 12:28 AM
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