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New SEC rule lets investors redeem Bitcoin, Ethereum directly from ETFs
The U.S. Securities and Exchange Commission (SEC) has officially approved in-kind creation and redemption processes for all spot Bitcoin and Ethereum exchange-traded funds (ETFs). The move, announced on July 29, allows authorized participants — typically large financial institutions — to directly exchange ETF shares for BTC or ETH, rather than having to convert back and forth into cash. The result is a faster, more cost-efficient system, especially for institutional investors seeking arbitrage opportunities or real-time market exposure. “It’s a new day at the SEC,” said SEC Chairman Paul S. Atkins. “A key ... (full story)
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From rnz.co.nz | Jul 29, 2025
Online investment platform Sharesies is expanding into cryptocurrency trading. Co-chief executive Leighton Roberts said it was responding to customer demand. "More and more people either own crypto or are interested in doing so. As the asset class has matured, we've seen it become more prominent in both institutional and personal investment portfolios. "At ...
The SEC voted to approve in-kind creations and redemptions for crypto ETPs https://t.co/pxrdRGEhS3 
SEC Permits In-Kind Creations and Redemptions for Crypto ETPs The Securities and Exchange Commission today voted to approve orders to permit in-kind creations and redemptions by authorized participants for crypto asset exchange-traded product (ETP) shares. The orders approved today reflect a departure from recently approved spot bitcoin and ether ETPs, which were limited to creations and redemptions on an in-cash basis. With today’s approval orders, bitcoin and ether ETPs, consistent with other commodity-based ETPs approved by the Commission, will be permitted to create and redeem shares on an in-kind basis. “It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” said SEC Chairman Paul S. Atkins. “I am pleased the Commission approved these orders permitting in-kind creations and redemptions for a host of crypto asset ETPs. Investors will benefit from these approvals, as they will make these products less costly and more efficient." “Today’s approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market, which will benefit all American investors. This decision aligns with the standard practices for similar ETPs.”
SEC Permits In-Kind Creations and Redemptions for Crypto ETPs The Securities and Exchange Commission today voted to approve orders to permit in-kind creations and redemptions by authorized participants for crypto asset exchange-traded product (ETP) shares. The orders approved today reflect a departure from recently approved spot bitcoin and ether ETPs, which were limited to creations and redemptions on an in-cash basis. With today’s approval orders, bitcoin and ether ETPs, consistent with other commodity-based ETPs approved by the Commission, will be permitted to create and redeem shares on an in-kind basis. “It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” said SEC Chairman Paul S. Atkins. “I am pleased the Commission approved these orders permitting in-kind creations and redemptions for a host of crypto asset ETPs. Investors will benefit from these approvals, as they will make these products less costly and more efficient." “Today’s approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market, which will benefit all American investors. This decision aligns with the standard practices for similar ETPs.”
From cointelegraph.com | Jul 29, 2025
The National Bank of Ras Al Khaimah (Rakbank), a government-owned bank in the United Arab Emirates (UAE), is the first conventional bank in the country to offer retail crypto trading. In a Tuesday news release, the bank announced the launch of a crypto brokerage service through its mobile banking app, allowing customers to buy, sell and swap ...
