🚨NEWS: SEC approves physical creation and redemption of Bitcoin and Ethereum ETFs. The good @Phyrex_Ni has been made clear: a major benefit for improving liquidity and profitability! To add: "In-kind redemption" truly aligns the operation of Bitcoin and Ethereum ETFs with the mature model of gold ETFs, reducing operational friction and symbolizing the SEC's further recognition of the commodity attributes of mainstream crypto assets. For the average investor, there is a lower potential tracking error and fee; For the market as a whole, it means a step up in depth, efficiency and regulatory confidence.
Phyrex
Phyrex30.7.2025
In the early morning of Wednesday Beijing time, the SEC suddenly announced the approval of the physical redemption of $BTC and $ETH spot ETFs, which is the most important crypto asset "institutional upgrade" in the U.S. regulatory framework after the approval of spot ETFs. SEC Chairman Paul S. Atkins said that the regulatory philosophy has shifted to adapt to the institutional framework of the crypto market, advocating for a suitable and reasonable regulatory framework for the crypto asset market. The physical subscription and redemption mechanism will reduce ETF costs, improve efficiency, and benefit all investors. This indicates that the SEC is shifting from defensive regulation to constructive regulation, acknowledging that BTC and ETH are commodity-like assets and should be treated with reference to commodity-type ETPs. This article is sponsored by #Bitget | @Bitget_zh
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