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21Shares files in-kind redemption proposal for Bitcoin and ethereum ETFs

21Shares submitted a proposal seeking SEC approval for in-kind creation and redemption mechanisms for its Bitcoin and Ethereum ETFs. This initiative aims to improve fund management efficiency and respond better to market demand.

The proposal follows a similar request from Nasdaq for BlackRock’s iShares Bitcoin Trust. This transition reflects a significant evolution in industry practices, moving towards in-kind mechanisms rather than cash-based transactions for crypto ETFs.

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