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BlockBeats News, June 26 — According to The Block, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that the “in-kind redemption” mechanism for cryptocurrency exchange-traded funds (ETFs) may be on the horizon. During a panel discussion hosted by the Bitcoin Policy Institute on Wednesday, Republican Commissioner Peirce was asked whether the SEC would approve in-kind creation and redemption mechanisms for ETFs, and if this was “imminent.” For several months, multiple companies, including BlackRock, have been urging the SEC to allow Bitcoin ETFs to use in-kind creation and redemption, rather than being limited to cash transactions. In January of this year, Nasdaq submitted a 19b-4 form on behalf of BlackRock to request this change, and other institutions have since filed similar applications. Hester Peirce responded, “These forms are currently under review. So I do think this is something that will happen at some point. I can’t predict the outcome, but we are definitely hearing a lot of interest in this area.”

BlockBeats News, June 26 — According to CME "FedWatch" data, there is a 24.8% probability that the Federal Reserve will cut interest rates by 25 basis points in July, while the probability of rates remaining unchanged is 75.2%.