Bitwise Amends Dogecoin ETF Proposal as In-Kind Redemptions Gain Attention with SEC
The post Bitwise Amends Dogecoin ETF Proposal as In-Kind Redemptions Gain Attention with SEC appeared on BitcoinEthereumNews.com.
Over 70 cryptocurrency exchange-traded funds (ETFs), including Bitwise’s Dogecoin and Aptos proposals, are currently under review by the U.S. Securities and Exchange Commission (SEC), signaling growing institutional interest in altcoin ETFs. Bitwise’s recent amendments introducing in-kind redemptions for these ETFs highlight a shift toward more tax-efficient and investor-friendly structures, potentially setting a new standard for crypto fund offerings. According to COINOTAG, SEC Commissioner Hester Pierce emphasized that in-kind redemptions for crypto ETFs are imminent, marking a pivotal moment in regulatory acceptance and market evolution. SEC reviews over 70 crypto ETFs, with Bitwise’s Dogecoin and Aptos funds adopting in-kind redemptions, advancing altcoin ETF innovation and regulatory progress. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitwise’s In-Kind Redemption Amendment Signals ETF Innovation Bitwise Asset Management’s recent filings to amend its Dogecoin (DOGE) and Aptos (APT) ETF proposals to include in-kind redemptions represent a significant development in the crypto ETF landscape. This mechanism allows investors to redeem ETF shares directly for the underlying tokens rather than cash, offering enhanced tax efficiency and liquidity benefits. The inclusion of in-kind redemptions aligns with traditional ETF structures in equity and commodity markets, potentially making these crypto ETFs more attractive to both institutional and retail investors. Such amendments are part of the SEC’s rigorous vetting process, enabling Bitwise to address regulatory concerns and optimize fund mechanics. The move also reflects growing regulatory openness, as evidenced…
Filed under: News - @ June 27, 2025 2:18 am