US SEC Allows Physical Redemption of Bitcoin and Ethereum ETF

Going forward, when you purchase Bitcoin (BTC) or Ethereum (ETH) exchange-traded funds (ETFs) in the United States, you will be able to receive a refund in actual coins instead of cash.
This is because the US Securities and Exchange Commission (SEC) officially approved the "in-kind redemption" method for virtual asset spot ETFs. At 9:30 a.m. on the 30th, the Bitcoin price in South Korea based on Bithumb was 4.5 times higher than the previous price.
It rose 0.11% from the same time on the previous day to 162,956,000 won (approximately 17.44 million yen). At the same time, the overseas Bitcoin price based on CoinMarketCap was
The price fell 0.99% from the same time period to $117,690 (approximately 17.4 million yen). The SEC announced on its official website on the 29th (local time) that it will issue a notice regarding the sale of Bitcoin and Ethereum (ET).
H) In-kind redemption of spot ETFs has been approved. Investors who wish to withdraw from Bitcoin and Ethereum spot ETFs will be able to receive Bitcoin and Ethereum instead of cash.
The SEC said, "This decision is part of our efforts to develop appropriate regulations," and that "in-kind redemption allows for the efficient operation of these products and benefits investors."