In a move that left the crypto world wondering if the SEC had finally misplaced its “No” stamp, the U.S. Securities and Exchange Commission has approved in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. But what does it mean? 🤔
- SEC approves in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. 🎉
- Major exchanges, including Nasdaq, NYSE Arca, and Cboe BZX, have received accelerated approvals. ⚡
- Analysts expect pending altcoin ETF filings to include in-kind models from the outset. 💡
On Tuesday, July 28, the SEC announced it had finalized orders allowing authorized participants to create and redeem shares of crypto exchange-traded products (ETPs) using the underlying digital assets—Bitcoin or Ethereum—instead of cash. Because, you know, cash is so last century. 💸
This applies to all approved spot Bitcoin and Ethereum ETFs, including those from major issuers like BlackRock, Fidelity, Ark Invest, and VanEck. Because nothing says “mainstream adoption” like Wall Street giants diving headfirst into the crypto pool. 🏊♂️
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2025-07-30 11:12