In brief
- The SEC appears increasingly likely to approve in-kind redemptions for Bitcoin and Ethereum ETFs, according to Bloomberg analyst James Seyffart.
- Five issuers with Bitcoin and Ethereum ETFs on the CBOE filed amendments to their prospectuses, suggesting “positive movement” from regulators on approving in-kind redemptions for the funds.
- The SEC has delayed deadlines for approving or denying in-kind redemptions for crypto-based funds, raising concerns over security risks posed by the process.
In-kind redemptions appear more likely to become part of spot Bitcoin and Ethereum exchange-traded funds, Bloomberg ETF analyst James Seyffart said Tuesday, citing a flurry of filings from issuers to the U.S. Securities and Exchange Commission.
Five issuers with Bitcoin and Ethereum ETFs on the CBOE have recently filed amendments to their prospectuses, Seyffart said in a social media post on Tuesday. They include Invesco Galaxy,…
