Ah, the U.S. Securities and Exchange Commission (SEC), that ever-watchful guardian of our financial sanity, has once again decided to hit the pause button. This time, it’s on Fidelity’s noble quest to allow “in-kind redemptions” for its proposed spot Bitcoin (FBTC) and Ethereum (FETH) ETFs. Imagine a world where authorized participants could trade ETF shares directly for the underlying crypto assets instead of cash! What a revolutionary idea! It’s almost as if they want to lower trading costs and reduce tax burdens for investors. How dare they! 😏
🔥 EUR/USD Rollercoaster Ahead After Trump Tariff Plans!
The euro faces intense pressure — shocking forecasts now revealed!
View Urgent ForecastBut wait, Fidelity is not alone in this bureaucratic ballet. Other titans of finance like BlackRock, VanEck, and WisdomTree are also knocking on the SEC’s door, begging for similar redemption methods in their crypto ETFs. The SEC has acknowledged these filings, including BlackRock’s request for its Ethereum ETF, but has yet to provide a clear timeline. It’s like waiting for a bus that never arrives—except this bus is filled with dreams of crypto riches! 🚌💰
This cautious approach is not just a whim; it’s part of a broader trend. Back in April, the SEC also delayed decisions on in-kind redemption requests from WisdomTree (for its BTCW and ETHW funds) and VanEck’s Bitcoin Fund (BITB). Meanwhile, they’re still mulling over proposals related to Ethereum staking in ETFs, with updates expected in the coming months. It’s like watching paint dry, but with more spreadsheets! 🎨📊
Industry watchers, those brave souls, believe that the SEC might eventually greenlight in-kind redemptions later this year. This would improve how these ETFs operate and make them more attractive to big investors. As the SEC continues its review, the crypto industry holds its breath, waiting for further clarity on the regulatory framework for these innovative financial products. Who knew waiting could be so thrilling? 😅
Read More
- Gold Rate Forecast
- Masters Toronto 2025: Everything You Need to Know
- SteelSeries reveals new Arctis Nova 3 Wireless headset series for Xbox, PlayStation, Nintendo Switch, and PC
- Rick and Morty Season 8: Release Date SHOCK!
- Discover the New Psion Subclasses in D&D’s Latest Unearthed Arcana!
- PI PREDICTION. PI cryptocurrency
- Mission: Impossible 8 Reveals Shocking Truth But Leaves Fans with Unanswered Questions!
- We Loved Both of These Classic Sci-Fi Films (But They’re Pretty Much the Same Movie)
- Eddie Murphy Reveals the Role That Defines His Hollywood Career
- Discover Ryan Gosling & Emma Stone’s Hidden Movie Trilogy You Never Knew About!
2025-05-22 23:16