SEC Delays Decision on In-Kind Creations for Bitcoin and Ethereum ETFs

The Securities and Exchange Commission (SEC) has pushed back its decision on allowing WisdomTreeFunds and VanEck to utilize in-kind creations and redemptions for their BTC and ETH spot ETFs, until June 3rd. Eleanor Terrett, X user, highlighted that this process involves directly exchanging underlying assets like Bitcoin and Ethereum without needing cash conversion, a practice the SEC previously resisted due to potential tax implications.