The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding in-kind redemptions for the Bitwise ETF Trust and the Bitwise ETF until September 8. In-kind redemptions would allow investors to exchange ETF shares for the underlying tokens, which could offer tax benefits. The delay reflects ongoing regulatory caution in the cryptocurrency space despite a more favorable political environment following the administration change. The SEC's recent deadlines demonstrate its current stance, as more asset managers apply for crypto-related ETFs. While some progress has been noted, the SEC maintains a level of reserve regarding new crypto investment applications, further complicating the landscape for would-be investors and asset managers alike.

Source 🔗