#MarketPullback BREAKING NEWS: ‘IN-KIND’ REFUND IN SPOT BITCOIN ETFS MAY BE POSSIBLE IN 2025
US Securities and Exchange Commission (SEC) Member Hester Peirce stated that “in-kind” refunds in spot Bitcoin ETFs may be possible in 2025. This practice will allow investors to withdraw Bitcoins they acquired through ETFs directly to their own wallets.
Peirce stated in the Coinage podcast that with the new SEC Chairman Paul Atkins taking office in January, in-kind refunds and innovative practices such as staking may be on the agenda in spot Bitcoin and Ethereum ETFs.
In-kind refunds could enable investors to transfer Bitcoins purchased through ETFs directly to their own wallets, freeing Bitcoin from its captivity in the financial system.
This development could enable spot Bitcoin ETFs to go beyond being mere speculative instruments and become an important channel for accessing Bitcoin. It could also support financial freedom by allowing investors to control their assets.
As a result, the steps that the SEC will take in this direction could lead to significant changes in the cryptocurrency market and strengthen Bitcoin’s role in the financial system.
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
