✅ The SEC approves in-kind redemptions for cryptocurrency ETFs
🗓️ July 29, 2025
The SEC (U.S. Securities and Exchange Commission) took a historic step for investment funds in crypto.
📦 What does “in-kind” mean?
Previously, ETFs could only be bought or sold with 💵 cash.
Now, bitcoin and ether ETFs allow:
🔁 Creating or redeeming shares using real cryptocurrencies like BTC or ETH.
🔓 Why is it important?
✅ More flexibility and efficiency for investors
🚫 No longer need to convert crypto to cash
🎯 Aligns with how other commodity-based ETFs (like gold) function
📈 A clear sign of openness
📣 The SEC is officially recognizing digital assets as a legitimate part of the financial system.
🗣️ The SEC chairman said:
“It’s a new day at the SEC… we want a regulatory framework for crypto assets.”
🚀 What impact could it have?
💹 Increased volume and institutional interest in crypto
💼 More attractive ETFs for large investors
🔄 Less friction for entering and exiting the crypto market
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