Bitwise Adds In-Kind Redemptions to DOGE, APT ETF Filings
Bitwise has updated its proposed exchange-traded funds (ETFs) for Dogecoin and Aptos to include in-kind redemptions, allowing investors to directly exchange ETF shares for underlying tokens. This move comes as over 70 cryptocurrency ETFs await review by the SEC, sparking discussions about altcoin ETFs and redemption mechanisms. In-kind redemptions are attractive to both institutional and retail investors. SEC Commissioner Hester Pierce previously mentioned potential advancements in this area for crypto ETFs. Bitwise originally submitted its ETF proposals in early 2025. The ability to access ETFs could significantly enhance the liquidity and capital for Aptos and Dogecoin, with industry experts asserting it could validate these digital assets in traditional financial markets. Competitors like Grayscale and 21Shares are also pursuing DOGE ETFs, showcasing an increasing interest in integrating cryptocurrencies into conventional investment frameworks. This shift reflects the SEC's changing stance on crypto regulation and the rising ambition for altcoin inclusion in mainstream finance.
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