Replying to Avatar Bitcoin Archive

JUST IN: 🇺🇸 SEC just met with ALL spot Bitcoin ETF issuers and told them to remove any reference to "in-kind" redemptions from their filings. "Cash creates" only.

It's a done deal. 🤝

Negotiating the finer details.

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Zach⚡️ 2y ago

No in kind redemptions is crazy

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Byzantine 2y ago

it isn't that big of a deal it means destruction of shares and creation of shares are coordinated on a US exchange and happened online with ETF redemption.