The SEC has hit pause on allowing in-kind redemptions for crypto ETFs — for now, at least. Crypto issuers like BlackRock, VanEck, Fidelity and WisdomTree have sought to let investors redeem their shares for underlying crypto assets directly (in this case, Bitcoin or Ether), but have all been delayed. In-kind redemptions let funds trade underlying assets for new ones, as opposed to in-cash redemptions, which require the assets to be sold for cash. Still, experts said approval is probably inevitable, with the move set to elevate crypto strategies’ efficiency by allowing a mechanism that has only been available for ... (full story)