SEC’s Hester Peirce expects Bitcoin ETF in-kind redemption approval, a move that could boost institutional adoption and operational efficiency.
Bit Digital shifts from Bitcoin mining to Ethereum staking, citing PoS sustainability and long-term yield potential.
Lumia partners with Avail to enable secure, cross-chain transfers of tokenized real-world assets via modular infrastructure.
SEC COMMISSIONER: BITCOIN ETF IN-KIND REDEMPTION COMING
SEC Commissioner Hester Peirce stated that in-kind creation and redemption for Bitcoin ETFs is inevitable, confirming current applications are under review.
Firms like BlackRock have filed to transition from cash-based models to in-kind mechanisms to align more closely with traditional ETF structures.
Analysis:
The approval of in-kind redemption would mark a key institutional milestone, allowing Bitcoin ETFs to function more like traditional assets.
This shift boosts operational efficiency and asset legitimacy, potentially drawing in more institutional investors.
Greater participation could elevate transparency and compliance standards across the crypto space, helping Bitcoin gain credibility within mainstream finance.
BIT DIGITAL SHIFTS FROM BTC MINING TO ETH STAKING
Bit Digital announced a strategic pivot away from Bitcoin mining toward Ethereum staking and treasury operations.
The company plans to gradually convert its BTC holdings into ETH, emphasizing the long-term value and sustainable returns from Ethereum’s PoS network.
Analysis:
This transition signals growing confidence in Ethereum’s staking economy and its energy-efficient PoS model. Ethereum offers Bit Digital exposure to DeFi growth and capital yield opportunities, while reducing mining-related operational risk and regulatory scrutiny.
The move could also inspire other mining firms to explore similar asset realignment.
LUMIA & AVAIL PARTNER ON RWA CROSS-CHAIN SOLUTION
RWA tokenization platform Lumia is integrating with Avail Stack to enhance cross-chain transfers of tokenized real-world assets.
Utilizing Avail’s modular infrastructure and Nexus messaging layer, Lumia aims to ensure secure, decentralized, and seamless multi-chain RWA movement.
Analysis:
This partnership strengthens Lumia’s position in the emerging RWA sector by addressing critical issues of interoperability and data integrity. Avail’s infrastructure empowers Lumia to scale securely across chains while reducing complexity.
The collaboration positions both platforms favorably for institutional interest and regulatory alignment in tokenized finance.
〈CoinRank Crypto Digest (6/26)｜SEC Commissioner: Bitcoin ETF In-Kind Redemption Coming〉這篇文章最早發佈於《CoinRank》。
