{"id":88688,"date":"2024-12-21T01:58:46","date_gmt":"2024-12-21T01:58:46","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/12\/21\/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs\/"},"modified":"2024-12-21T01:58:46","modified_gmt":"2024-12-21T01:58:46","slug":"we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/12\/21\/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs\/","title":{"rendered":"We Need In-Kind Redemptions For The Spot Bitcoin ETFs"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<figure>\n<p>                        <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjExNTA5MDU5OTMxNjEzMTcy\/takes-banner.png\" height=\"91\" width=\"1200\"><\/p>\n<\/figure>\n<figure>\n<p>                        <img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjExMTg2Mjc2NzY0NzU1OTI3\/screenshot-2024-09-30-at-10205pm_1.png\" height=\"800\" width=\"805\"><figcaption>Follow Frank on <a href=\"https:\/\/x.com\/frankcorva\">X<\/a>.<\/figcaption><\/figure>\n<p>On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs.<\/p>\n<p>(For those who aren\u2019t familiar with the term \u201cin-kind redemption,\u201d it refers to the ability to withdraw the bitcoin you\u2019ve purchased via an ETF into your own custody. In essence, it turns a bitcoin IOU into the real thing.)<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: SEC Commissioner Hester Peirce previews new pro-crypto changes coming to the SEC<\/p>\n<p>ETF in-kind redemptions and ability for ETF issuers to begin staking likely done &quot;early on&quot;<\/p>\n<p>Both ETFs now have more than $100B in AUM <a href=\"https:\/\/t.co\/g3jtbuBeWU\">pic.twitter.com\/g3jtbuBeWU<\/a><\/p>\n<p>&mdash; Coinage (@coinage_media) <a href=\"https:\/\/twitter.com\/coinage_media\/status\/1870084709503643873?ref_src=twsrc%5Etfw\">December 20, 2024<\/a><\/p><\/blockquote>\n<p>This makes my heart happy, as bitcoin wasn\u2019t designed to exist trapped within the wrappers of the old system. It was built to set us free from that system.<\/p>\n<p>If Peirce can work with the incoming SEC Chair, Paul Atkins, to facilitate the approval of in-kind redemptions then the spot bitcoin ETFs can serve as some of the biggest on-ramps to Bitcoin, as Bitwise co-founder Hong Kim <a href=\"https:\/\/bitcoinmagazine.com\/business\/bitwise-brings-the-bitcoin-ethos-to-wall-street-\">put it<\/a>, as opposed to simply existing as speculation vehicles.<\/p>\n<p>Bitcoin was born to exist in the wild. It wasn\u2019t born to exist in a Wall Street zoo.<\/p>\n<p>In-kind redemptions would allow the bitcoin currently trapped within the zoo the ability to return to its natural habitat.<\/p>\n<p><em>This article is a <\/em><a href=\"https:\/\/bitcoinmagazine.com\/takes\/bitcoin-magazine-introduces-opinion-takes\"><em>Take<\/em><\/a><em>. Opinions expressed are entirely the author&#8217;s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/takes\/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Follow Frank on X. On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind<\/p>\n","protected":false},"author":1,"featured_media":88689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-88688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/88688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=88688"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/88688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/88689"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=88688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=88688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=88688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}