Securities and Exchange Commission (SEC)
Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently stated her openness to reconsidering in-kind redemptions for spot bitcoin exchange-traded funds (ETFs). This means allowing investors to withdraw their actual bitcoins instead of just receiving an IOU. The change could potentially make these ETFs more attractive as direct investment vehicles rather than merely serving as speculative instruments.
However, it remains to be seen whether such a change will occur given the regulatory landscape.
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