{"id":42203,"date":"2025-05-12T17:00:16","date_gmt":"2025-05-12T14:00:16","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42203"},"modified":"2025-05-12T16:54:14","modified_gmt":"2025-05-12T13:54:14","slug":"blackrock-files-for-in-kind-redemption-for-ethereum-trust","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrock-files-for-in-kind-redemption-for-ethereum-trust\/","title":{"rendered":"BlackRock Files for \u201cIn-Kind Redemption\u201d for Ethereum Trust!"},"content":{"rendered":"<p class=\"\" data-start=\"66\" data-end=\"410\"><a href=\"https:\/\/coinengineer.net\/blog\/prosecutors-deny-allegations-of-late-disclosure-in-samourai-wallet-case\/\"><strong data-start=\"66\" data-end=\"79\">BlackRock<\/strong><\/a> has made a notable move in the crypto market by filing for a transition to the <strong data-start=\"159\" data-end=\"181\">in-kind redemption<\/strong> model for its <strong data-start=\"196\" data-end=\"214\">Ethereum Trust<\/strong> product. With this development, the company could gain the ability to redeem ETH directly. In other words, investors will be able to exchange ETF shares directly for <strong data-start=\"381\" data-end=\"409\">Ethereum instead of cash<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/blackrock-files-for-in-kind-redemption-for-ethereum-trust\/#What_Does_the_In-Kind_Model_Mean\" title=\"What Does the In-Kind Model Mean?\">What Does the In-Kind Model Mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/blackrock-files-for-in-kind-redemption-for-ethereum-trust\/#BlackRock_Awaits_SEC_Decision\" title=\"BlackRock Awaits SEC Decision\">BlackRock Awaits SEC Decision<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"\" data-start=\"412\" data-end=\"449\"><span class=\"ez-toc-section\" id=\"What_Does_the_In-Kind_Model_Mean\"><\/span>What Does the In-Kind Model Mean?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"451\" data-end=\"894\"><strong data-start=\"451\" data-end=\"473\">In-kind redemption<\/strong> is a mechanism of great significance in the spot crypto ETF market. In this system, investors can receive the underlying crypto asset (in this case, ETH) instead of cash when selling their ETF shares. This eliminates extra costs, conversion delays, and the complexity of cash transactions. If the <strong data-start=\"771\" data-end=\"787\">SEC approves<\/strong> this application, ETF operations will become more efficient and <strong data-start=\"852\" data-end=\"893\">liquidity will increase significantly<\/strong>.<\/p>\n<p class=\"\" data-start=\"896\" data-end=\"1150\">With this move, BlackRock joins <strong data-start=\"928\" data-end=\"966\">Invesco Galaxy, VanEck, WisdomTree<\/strong>, and <strong data-start=\"972\" data-end=\"984\">21Shares<\/strong>, who have also submitted similar in-kind amendment applications for their Ethereum ETFs. There are also similar requests still under <strong data-start=\"1118\" data-end=\"1132\">SEC review<\/strong> for Bitcoin ETFs.<\/p>\n<h3 class=\"\" data-start=\"1152\" data-end=\"1185\"><span class=\"ez-toc-section\" id=\"BlackRock_Awaits_SEC_Decision\"><\/span>BlackRock Awaits SEC Decision<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"\" data-start=\"1187\" data-end=\"1589\">So far, the <strong data-start=\"1199\" data-end=\"1248\">U.S. Securities and Exchange Commission (SEC)<\/strong> has not made a final decision on these types of applications. In April, decisions on in-kind applications submitted by <strong data-start=\"1368\" data-end=\"1378\">VanEck<\/strong> and <strong data-start=\"1383\" data-end=\"1397\">WisdomTree<\/strong> for both Bitcoin and Ethereum ETFs were postponed to <strong data-start=\"1451\" data-end=\"1461\">June 3<\/strong>. Bloomberg ETF analysts <strong data-start=\"1486\" data-end=\"1504\">Eric Balchunas<\/strong> and <strong data-start=\"1509\" data-end=\"1527\">James Seyffart<\/strong> expect the SEC to approve the in-kind model within this year.<\/p>\n<p class=\"\" data-start=\"1591\" data-end=\"1791\">Seyffart noted that the final deadline for the first in-kind application for Ethereum ETFs is <strong data-start=\"1685\" data-end=\"1706\">November 10, 2025<\/strong>. If approval comes by then, it will be a <strong data-start=\"1748\" data-end=\"1790\">major turning point for the ETF market<\/strong>.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"1591\" data-end=\"1791\"><i>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/i><a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0<strong><i>Telegram,<\/i><\/strong><\/a><strong><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><i>\u00a0YouTube<\/i><\/a><\/strong><i><strong>,<\/strong> and<\/i><a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0<strong><i>Twitter<\/i><\/strong><\/a><i><strong>\u00a0<\/strong>channels for the latest<\/i><a href=\"https:\/\/coinengineer.io\/news\/\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0<strong><i>news<\/i><\/strong><\/a><i><strong>\u00a0<\/strong>and updates.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock has made a notable move in the crypto market by filing for a transition to the in-kind redemption model for its Ethereum Trust product. With this development, the company could gain the ability to redeem ETH directly. In other words, investors will be able to exchange ETF shares directly for Ethereum instead of cash.<\/p>\n","protected":false},"author":29,"featured_media":34028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[8849,1000,15660,15661],"class_list":["post-42203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-blackrock-ethereum-etf","tag-ethereum-etf","tag-ethereum-trush","tag-in-kind-redemption"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock Files for \u201cIn-Kind Redemption\u201d for Ethereum Trust! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/blackrock-files-for-in-kind-redemption-for-ethereum-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock Files for \u201cIn-Kind Redemption\u201d for Ethereum Trust! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"BlackRock has made a notable move in the crypto market by filing for a transition to the in-kind redemption model for its Ethereum Trust product. 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