SEC and BlackRock in talks to move Bitcoin and Ethereum ETF to physical redemption

BlackRock and the U.S. Securities and Exchange Commission (SEC) met this week to discuss potential changes to crypto exchange-traded funds' (ETFs) operating methods, specifically the transition of the funds to in-kind redemption. The closed-door meeting, held on Monday, April 1, focused on the structure and mechanics of crypto-in-kind ETFs, along with the SEC's newly formed Crypto Task Force.

BlackRock's team reportedly held detailed discussions on the possibility of a in-kind redemption model, which the company has already filed for a Bitcoin (BTC) ETF. Nasdaq's approval of BlackRock's in-kind redemption model...