The U.S. Securities and Exchange Commission, in an utterly shocking turn of events, has finally voted to approve in-kind redemptions for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). Yes, you heard that right – they’re allowing real, honest-to-goodness crypto to be used in transactions rather than relying on the boring old cash.
This means that instead of just shuffling cash around, you can now create and redeem shares of crypto ETFs using actual cryptocurrency. The world of finance just got a little less stuffy and a whole lot more digital. Prior to this dazzling innovation, crypto ETFs were stuck with the whole “cash-only” thing – how quaint. 😒
The crypto community, in all its glory, has been practically begging for this change, claiming that in-kind redemptions would make everything run smoother and, of course, cheaper. Because who doesn’t want a bit of efficiency and cost savings in the world of million-dollar transactions? 🤑
Building a “Rational” Regulatory Framework (Whatever That Means)
SEC Chair Paul Atkins, ever the optimist, chimed in with his thoughts on the matter. He’s very pleased with the approval, saying it “continues to build a rational regulatory framework for crypto.” And who doesn’t want a “rational” regulatory framework? It sounds so… sane. Atkins believes this will somehow lead to a deeper and more dynamic market. Sounds good, but we’re not entirely sure what it means. 🤷♂️
“FINALLY!”
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2025-07-30 00:00