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SEC's Hester Peirce says in-kind redemptions for crypto ETFs are 'on the horizon'

In-kind redemptions for crypto exchange-traded funds could be coming, according to one of the U.S. Securities and Exchange Commission's top leads, Hester Peirce.

Republican Commissioner Peirce was asked on Wednesday during a panel at the Bitcoin Policy Institute whether the SEC would sign off on in-kind creation and redemptions and if that "was on the horizon." Firms, including BlackRock, have been asking the agency for months to allow for in-kind creations and redemptions for bitcoin ETFs specifically, instead of having to use cash.

SEC's Hester Peirce says in-kind redemptions for crypto ETFs are 'on the horizon'

In-kind redemptions for crypto exchange-traded funds could be coming, according to one of the U.S. Securities and Exchange Commission's top leads, Hester Peirce.

Republican Commissioner Peirce was asked on Wednesday during a panel at the Bitcoin Policy Institute whether the SEC would sign off on in-kind creation and redemptions and if that "was on the horizon." Firms, including BlackRock, have been asking the agency for months to allow for in-kind creations and redemptions for bitcoin ETFs specifically, instead of having to use cash.

https://www.theblock.co/post/359736/secs-hester-peirce-says-in-kind-redemptions-for-crypto-etfs-are-on-the-horizon