TechFlow news, July 17 — According to Decrypt, the U.S. Securities and Exchange Commission (SEC) announced on Wednesday that it is extending the review period for Bitwise's Bitcoin ETF Trust and Bitwise's Ethereum ETF in-kind redemption applications, with a new decision date set for September 8, 2025. The in-kind redemption mechanism allows investors to directly exchange underlying tokens of the ETF for shares to avoid certain tax liabilities, but regulators have expressed concerns regarding its complexity and security. One day earlier, the SEC also extended the review deadline for BlackRock's iShares Ethereum Trust (ETHA) in-kind redemption application to August 26. Although the Trump administration has generally shown support for cryptocurrencies and relaxed industry regulations, the SEC remains cautious toward crypto investment products.
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