The SEC has given the green light for a feature in Bitcoin that it has never wanted before! An SEC member announced!

As is known, the SEC approved spot Bitcoin ETFs in 2024. While approving, it pressured for only cash repayments, rejecting the option of in-kind repayments in spot ETF applications.

However, BlackRock applied for in-kind redemptions for the ISHARES Bitcoin ETF at the beginning of 2025. At this point, companies including BlackRock have been requesting the SEC to allow in-kind investments and redemptions specifically for Bitcoin ETFs for months.

At this point, refunds with tax advantages, if accepted, will be positive for the cryptocurrency market. Because these features reduce selling pressure in the market as they can be done without selling cryptocurrency.

While this development is eagerly awaited, SEC Republican member Hester Peirce stated that the same reimbursements that the SEC postponed for Bitcoin ETFs are very close.

Speaking at the Bitcoin Policy Institute, Hester Peirce stated that similar creations and reimbursements for Bitcoin (BTC) and crypto ETFs are on the horizon and will definitely come in the future.

Peirce stated that the same investment and reimbursement application files are currently being reviewed by the SEC, and said that the SEC's stance on Bitcoin ETFs is inadequate.

"SEC really mismanaged the spot Bitcoin ETF."

Additionally, the same investment and redemption applications for the spot Bitcoin ETF are undergoing the review process before the SEC.

That's why I definitely think it will be approved at some point. This is a prediction, but we see a lot of interest in these features.

The SEC under President Donald Trump adopted a more friendly approach towards Bitcoin and cryptocurrencies compared to the SEC under Joe Biden.

Since the Trump administration, ETF applications have not been limited to Bitcoin and Ethereum, and many top firms have applied to the SEC for a variety of altcoins including XRP, Solana (SOL), and Dogecoin (DOGE).

While altcoin ETFs are expected to be approved in 2025, Bloomberg ETF analysts James Seyffart and Eric Balchunas indicate that the SEC has a 90% or higher likelihood of approving most altcoin ETF applications.

*This is not investment advice.

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