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Bitwise Submits Chainlink ETF Application with In-Kind Creation and Redemption

Bitwise Submits Chainlink ETF Application with In-Kind Creation and Redemption

Simply put Bitwise has filed with the SEC for a chain link ETF that will hold Link tokens directly, using Coinbase Custody for asset management. ETFs allow for the physical creation and redemption of tokens, enabling investors to trade linked tokens directly for stocks. Following the news, Link was priced around $24.27, reflecting a 1.1% […]

Analyst Predicts SEC Approval for In-Kind Redemptions for Bitcoin and Ethereum ETF Issuers

Analyst Predicts SEC Approval for In-Kind Redemptions for Bitcoin and Ethereum ETF Issuers

Simply put Bloomberg analyst James Seyffart has noted a growing likelihood that the SEC will approve physical redemptions for Bitcoin and Ethereum ETFs. Five publishers, including those for Bitcoin and Ethereum ETFs at CBOE, have made amendments to their prospectus, indicating a promising direction from regulators for approving these kinds of repayments. However, the SEC […]

SEC postpones decision on in-kind redemptions for Bitwise crypto ETFs

SEC postpones decision on in-kind redemptions for Bitwise crypto ETFs

The Securities and Exchange Commission (SEC) has pushed back its deadline for making decisions regarding the redemption of funds (ETFs) on two different crypto exchanges. As stated in a recent update, regulators are taking more time to determine whether to approve physical redemptions for Bitwise’s Bitcoin (BTC) and Ether (ETH) spot ETFs on NYSE ARCA. […]

Bitwise Includes In-Kind Redemptions for DOGE and APT ETF Applications

Bitwise Includes In-Kind Redemptions for DOGE and APT ETF Applications

Filings from Thursday reveal that Bitwise has revised its plans for the Dogecoin and Aptos exchange-traded funds (ETFs) to include the ability for physical redemptions. This change comes as conversations regarding the AltCoin ETF and reimbursement structures are gaining momentum with U.S. regulators. The option for redeeming physical assets allows investors to swap their ETF […]

Nasdaq Files for In-Kind Redemptions for BlackRock Spot Bitcoin ETF – CoinDesk

NASDAQ has submitted proposed rules to allow the BlackRock IsharaS Bitcoin Trust (Ibit) to create and redeem the actual product. Friday Submitted to the US Securities and Exchange Commission (SEC). This process allows a large -scale institutional investor called APS (APS) directly can purchase and redeem the funds of the fund (BTC). AP is considered […]