Anthony Scaramucci Thanks ‘Crypto Mom’ Hester Pierce For ‘Hard-Fought Contribution’ After SEC Approves In-Kind Redemption For Bitcoin, Ethereum ETFs
Posted On July 30, 2025
Anthony Scaramucci, the founder of SkyBridge Capital, thanked pro-cryptocurrency SEC Commissioner Hester Pierce for her role in getting the agency to approve in-kind creations and redemptions for cryptocurrency exchange-traded funds.
What Happened: Scaramucci thanked Peirce, affectionately called “Crypto Mom,” for her “incredible hard-fought contribution” after the SEC permitted authorized participants to exchange ETF shares directly for the underlying cryptocurrency, such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), instead of cash.
“I am pleased the Commission approved these orders permitting in-kind creations and redemptions for a host of crypto asset ETPs. Investors will benefit from these approvals, as they will make …
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