US SEC Commissioner Hester Peirce: Physical Redemption for Crypto ETFs May Soon Become a Reality

According to a report by Jinse Finance, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that in-kind redemptions for crypto exchange-traded funds (ETFs) may soon become a reality. During a panel discussion at the Bitcoin Policy Institute on Wednesday, Peirce was asked whether the SEC would approve in-kind creation and redemption, and if this was “just around the corner.” She responded, “These (applications) are moving through the process... so I think at some point it is definitely ‘just around the corner.’ I can’t predict the outcome, but we have heard a lot of interest.”