BREAKING: SEC Greenlights In-Kind Redemptions for ALL Spot Bitcoin & Ethereum ETFs – Bullish Waters Ahead

The SEC just dropped a bombshell that'll send shockwaves through crypto markets. In-kind redemptions—previously a sticking point—are now approved for all spot Bitcoin and Ethereum ETFs. No more cash-only shackles.

Why this matters:

- Liquidity tsunami incoming: Market makers can now arbitrage more efficiently, tightening spreads like a vise

- Institutional floodgates: Pension funds and RIAs just got their golden ticket to crypto exposure without tax headaches

- The irony? Wall Street fought tooth-and-nail against this innovation for years—now they'll profit the most from it

Watch for:

- AUM spikes as the 'in-kind' advantage lures big players off the sidelines

- Potential premium/discount compression to NAV—goodbye easy money for arb traders

- The usual suspects crying 'systemic risk' while quietly front-running the announcement

Bottom line: The SEC finally stopped pretending crypto markets don't exist. Now watch traditional finance do what it does best—co-opt, commodify, and cash in.