Bitwise’s DOGE, APT ETFs Could Offer Tax-Friendly In-Kind Redemptions

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Bitwise has revised its Dogecoin and Aptos ETF proposals to enable in-kind redemptions, a mechanism that allows investors to directly exchange shares for crypto.

The structure—praised for its tax efficiency—comes as the SEC explores similar models for Bitcoin and Ether ETFs.

The amendments follow Bitwise’s initial filings in early 2024, with updates addressing regulatory feedback. SEC Commissioner Hester Peirce recently hinted at in-kind redemptions gaining approval, signaling a potential shift in crypto ETF policy.

“This would be transformative for Aptos’ exposure in traditional markets,” said Aptos Labs’ Solomon Tesfaye.