币界网报道：U.S. SEC Commissioner Hester Peirce indicated that in-kind redemptions for crypto ETFs may be forthcoming, responding to queries during a Bitcoin Policy Institute panel. Multiple firms including BlackRock have petitioned the SEC for months to permit in-kind creations and redemptions for bitcoin ETFs rather than cash transactions. Nasdaq filed a Form 19b-4 on BlackRock's behalf in January seeking this change, with others following suit. Peirce noted the filings are under review, acknowledging strong market interest but refraining from prejudging outcomes. The SEC previously favored cash redemptions, requiring asset managers to liquidate bitcoin holdings before returning cash to investors. Bloomberg Intelligence analysts James Seyffart and Eric Balchunas now estimate a 90%+ likelihood of SEC approval for most spot crypto ETF applications, reflecting a more favorable regulatory stance compared to earlier Biden administration policies.