Cboe submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind. In-kind redemptions enable investors to exchange Bitcoin (BTC) or ETH for the underlying assets, rather than cash.

Cboe submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind. In-kind redemptions enable investors to exchange Bitcoin (BTC) or ETH for the underlying assets, rather than cash.

Source: https://cryptoslate.com/in-kind-redemption-for-bitcoin-and-ethereum-etfs-get-positive-sign-as-cboes-files-amendments/