US SEC has approved “in-kind” redemptions for Bitcoin and Ether ETFs, allowing direct BTC/ETH share creation. This move aligns US policy with Hong Kong, which has allowed in-kind redemptions for its crypto ETFs since their launch. SEC Commissioner Mark Uyeda had previously criticized the initial cash-only approach, calling it a “troubling precedent.” In a significant…Read More

Per a recent statement released by the United States SEC, spot Ethereum and Bitcoin ETFs will now be able to perform in-kind redemptions for their clients. This move represents a change from the previous requirement that limited these transactions to cash only. New SEC Regulation Puts Bitcoin ETFs on the Same Standards as Gold ETPs Based…Read More

Strategy, previously known as Strategy, has announced its largest Bitcoin purchase this year, following the completion of its STRC IPO. The IPO also stands as the largest this year, underscoring the massive demand among institutional investors looking to gain exposure to BTC in any way. Strategy Acquires 21,021 Bitcoin For $2.46 Billion In a press…Read More

VeChain is teaming up with BitGo to bolster real-world adoption in its ecosystem. BitGo’s integration brings regulated custody and operational expertise to VeChain’s ecosystem, said aid Chen Fang, chief revenue officer at BitGo. VET price hovered around $0.0249 at the time of writing, with a potential to retest $0.05 amid upside momentum. VeChain has announced…Read More