U.S. SEC Commissioner Hester Peirce: Physical redemption of cryptocurrency ETFs may soon be realized.

[SEC Commissioner Hester Peirce: Physical Redemptions of Crypto ETFs May Soon Be Realized] Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that physical redemptions of crypto exchange-traded funds (ETFs) may soon be realized. Peirce was asked on Wednesday during a panel discussion at the Bitcoin Policy Institute whether the SEC would approve the creation and redemption of physical ETFs, and whether this was "imminent." She responded, "These (applications) are going through the process... so I think at some point it will definitely be 'imminent.' I can't predict, but we've heard a lot of interest."