U.S. SEC requests feedback on WisdomTree Bitcoin ETF in-kind creations & redemptions

The U.S. Securities and Exchange Commission (SEC) has requested feedback on whether to change its rules to allow in-kind creations and redemptions of the WisdomTree Bitcoin Fund, The Block reported. Permitting in-kind redemptions would result in a reduction in Bitcoin selling pressure in the market because redemption can occur without the need for the sale of Bitcoin on the market.