Bitwise has made amendments to its proposed ETFs for Dogecoin and Aptos to include in-kind redemptions. This decision is related to discussions with U.S. regulators about the future structure of altcoin funds.
Introduction to In-Kind Redemptions
In-kind redemptions allow investors to swap ETF shares directly for the underlying cryptocurrency instead of cash. This may offer potential tax advantages and align more closely with how many crypto-native investors operate.
Significance of Changes for ETFs
These changes are seen as appealing to both retail and institutional participants, who believe this will reduce costs and improve liquidity. A representative from Aptos Labs emphasized that ETF access would be a significant step toward integrating Aptos into traditional capital markets.
Market Trends for Altcoins
The surge in altcoin ETF filings aligns with the SEC's evolving stance under the Trump administration, which has encouraged new applications in 2025. Currently, over 70 crypto ETFs are awaiting SEC review, with at least 31 altcoin ETF applications filed in the first half of 2023.
The Bitwise ETF update highlights growing interest in altcoins and their integration into traditional financial markets. These steps may significantly alter the market and attract more attention from institutional investors.
