{"id":13405,"date":"2024-12-20T23:22:52","date_gmt":"2024-12-20T23:22:52","guid":{"rendered":"https:\/\/cryptd.in\/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs\/"},"modified":"2024-12-20T23:22:52","modified_gmt":"2024-12-20T23:22:52","slug":"we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs\/","title":{"rendered":"We Need In-Kind Redemptions For The Spot Bitcoin ETFs"},"content":{"rendered":"
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<\/p>\n<\/figure>\n

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Follow Frank on X<\/a>.<\/figcaption><\/p><\/figure>\n

On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs.<\/p>\n

(For those who aren\u2019t familiar with the term \u201cin-kind redemption,\u201d it refers to the ability to withdraw the bitcoin you\u2019ve purchased via an ETF into your own custody. In essence, it turns a bitcoin IOU into the real thing.)<\/p>\n

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BREAKING: SEC Commissioner Hester Peirce previews new pro-crypto changes coming to the SEC<\/p>\n

ETF in-kind redemptions and ability for ETF issuers to begin staking likely done “early on”<\/p>\n

Both ETFs now have more than $100B in AUM pic.twitter.com\/g3jtbuBeWU<\/a><\/p>\n

\u2014 Coinage (@coinage_media) December 20, 2024<\/a><\/p><\/blockquote>\n

This makes my heart happy, as bitcoin wasn\u2019t designed to exist trapped within the wrappers of the old system. It was built to set us free from that system.<\/p>\n

If Peirce can work with the incoming SEC Chair, Paul Atkins, to facilitate the approval of in-kind redemptions then the spot bitcoin ETFs can serve as some of the biggest on-ramps to Bitcoin, as Bitwise co-founder Hong Kim put it<\/a>, as opposed to simply existing as speculation vehicles.<\/p>\n

Bitcoin was born to exist in the wild. It wasn\u2019t born to exist in a Wall Street zoo.<\/p>\n

In-kind redemptions would allow the bitcoin currently trapped within the zoo the ability to return to its natural habitat.<\/p>\n

This article is a <\/em>Take<\/em><\/a>. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Follow Frank on X. On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs. (For those who aren\u2019t familiar with the term \u201cin-kind redemption,\u201d it refers to the ability to withdraw the bitcoin you\u2019ve purchased via an ETF into […]<\/p>\n","protected":false},"author":0,"featured_media":13407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nWe Need In-Kind Redemptions For The Spot Bitcoin ETFs - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We Need In-Kind Redemptions For The Spot Bitcoin ETFs - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Follow Frank on X. On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs. 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