SEC decision expected by October as Fidelity pushes for in-kind BTC ETF redemptions

Fidelity has filed with the US Securities and Exchange Commission (SEC) to enable in-kind redemption for FBTC, its spot Bitcoin exchange-traded fund (ETF). Bloomberg Intelligence ETF research analyst James Seyffart confirmed the application on X. Seyffart’s confirmation came as a rebuttal to the rumors circulating that FBTC now allows in-kind redemption. According to the commentator, […]

Source: cryptopolitan.com (Read Full Article)