Bitwise Includes In-kind Redemptions in Dogecoin and Aptos ETF filings

Bitwise’s latest Dogecoin and Aptos ETF filings include a key tweak: in-kind redemptions.

The feature, which lets investors redeem shares for actual tokens, is gaining favor among regulators—SEC Commissioner Hester Peirce recently called it inevitable for crypto ETFs.

The amendments signal Bitwise’s readiness to adapt to SEC feedback, with Aptos Labs’ Solomon Tesfaye touting the potential ETFs as a “game-changer” for Layer 1 blockchains.

As the SEC weighs in-kind models for Bitcoin and Ether funds, Bitwise’s updated proposals could accelerate the altcoin ETF race.