Bitwise has amended its spot Dogecoin and Aptos ETF applications to incorporate in-kind redemptions, a move that aligns with the SEC’s ongoing evaluation of crypto fund mechanics.
The updates, filed Thursday, reflect standard procedural refinements during the regulatory review process.
In-kind redemptions—which enable share-to-token exchanges—are viewed as a more efficient alternative to cash settlements.
The SEC has recently prioritized discussions around such models, including in proposals for Bitcoin and Ether ETFs.
Aptos Labs’ Solomon Tesfaye emphasized the significance of ETF approval, calling it a critical step toward bridging crypto and traditional markets.
