Bitwise reviewed the suggested Dogecoin and Aptos Exchange funds to include in-kind redemption, according to filings on Thursday. Updates arrive as discussions around the ETFs of Altcoin and redemption structures get traction with US regulators.
In-kind redemption allows investors to exchange ETF shares directly for the underlying tokens. The mechanism are considered to be better in tax and can appeal to all kinds of investors, from institutional to retail.
In February, the SEC seek comments on a proposal to allow in-kind creations and redemption for the spot bitcoin (Btc) and ether (Eth) Etfs. During a panel at the Bitcoin Policy Institute on Wednesday, US Securities and Exchange (SEC) Hester Pierce said in-kind redemption for crypto ETFs were on the horizon.
APT ETF will be a “game changer”
Bitwise first suggested its Dogecoin (Doge) and aptos (Apt) Earlier ETFs this year, including SEC filings submitted in January and March, respectively. Changes are a standard part of the ETF processing process, which gives a creature to respond to the SEC feedback by changing the structure of funds, mechanics, and disclosure.
“Access to the ETF will mark a key step forward in integrating aptos and other L1 into traditional capital markets,” Solomon Tesfaye, head of capital markets at Aptos Labs, told Cointelegraph. “It’s going to be a game changing,” he said.
“It will injust significant capital, enhance liquidity and provide a regulatory validation form that institutions need.”
Popular Memecoin Dogecoin (Doge), Created by software engineers Billy Markus and Jackson Palmer, is the eighth largest cryptocurrencywith a $ 24.1 billion market capitalization. It runs on its own blockchain and is considered “most loyal sh*tcoin” ni Galawal. Grayscale and 21shares, Bitwise competitors, also filed to launch Doge ETFs.
Fit (Apt), the native token of a blockchain created by former meta engineers, is the 32nd largest cryptocurrency. It has a $ 2.85 billion market capitalization and found a 52-week high of $ 20, According to cointelegraph indices.
Related: Can Bitcoin ETFs replace bonds with institutional portfolios?
Altcoin ETF filings rise in 2025
Up to April 21, more than 70 cryptocurrency ETF is waiting for the SEC reviewwith possessions in funding baskets derived from management tokens to memecoins and derivatives.
Files for ETFs of Altcoin have been driven by the Revamp of the SEC’s approach to the crypto industry since the inauguration of President Donald Trump. According to Cointelegraph Research, at least 31 ETF applications of Altcoin ETF was filed in the first half of 2025.
Critics of such funds tell crypto ETFs Center of what means to be decentralized and weaken financially strengthening.
Magazine: X Hall of Flame: Bitcoin $ 500K Prediction, Spot Ether ETF ‘Staking Issue’ – Thomas Fahrer
