📢 BREAKING NEWS! SEC Officially Permits Crypto ETFs to Use Bitcoin & Ethereum Directly for Share Creation & Redemption! 🚀
Exciting news from the crypto market! The U.S. Securities and Exchange Commission (SEC) has officially allowed crypto exchange-traded funds (ETFs) to directly use Bitcoin (BTC) and Ethereum (ETH) in their "create and redeem shares" mechanism. This means that large institutions (Authorized Participants) can now directly exchange ETF shares for the underlying crypto assets, without the need for cash conversion!
This move is expected to enhance market efficiency, reduce transaction costs, and provide greater flexibility for institutional market participants. While the direct benefits are more geared towards institutional investors, it paves the way for further development in the future for the entire crypto ecosystem.
Recent data from CoinShares shows an inflow of $11.2 billion in July 2025, with Ethereum products performing stronger than Bitcoin in recent weeks, indicating strong market demand!