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SEC Throws Sand in the Gears—Bitcoin and Ethereum ETF In-Kind Redemptions Hit Regulatory Speed Bump
SEC Throws Sand in the Gears—Bitcoin and Ethereum ETF In-Kind Redemptions Hit Regulatory Speed Bump
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Wall Street’s crypto dreams just got another reality check. The SEC slammed the brakes on in-kind redemptions for spot Bitcoin and Ethereum ETFs—because why let investors have nice things?
Behind the bureaucratic curtain: Funds hoping to bypass cash settlements for direct crypto transfers now face indefinite delays. Another masterclass in ’protective’ regulation that somehow always protects investors from making money.
Funny how the same agency that took decades to approve these products now micromanages their plumbing. Maybe they’re waiting for Bitcoin to hit $1M before greenlighting anything.
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