SEC Commissioner Proposes Bitcoin ETFs With In-Kind Redemption Options

Hester Peirce, a prominent SEC commissioner, has suggested that the agency might adopt in-kind redemption methods for Bitcoin exchange-traded funds (ETFs). This proposal comes after the SEC initially approved Bitcoin ETFs early in 2024. However, BlackRock, one of the largest ETF issuers, had previously decided to exclude in-kind redemptions at a crucial juncture before official approval, bowing to regulatory pressure.