US SEC has approved “in-kind” redemptions for Bitcoin and Ether ETFs, allowing direct BTC/ETH share creation. This move aligns US policy with Hong Kong, which has allowed in-kind redemptions for its crypto ETFs since their launch. SEC Commissioner Mark Uyeda had previously criticized the initial cash-only approach, calling it a “troubling precedent.” In a significant move that brings US policy more in line with international standards, the Securities and Exchange Commission (SEC) announced on Wednesday that investors are now permitted […]