The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that “authorized participants” (APs) for crypto exchange-traded products (ETPs) can now execute in-kind transactions, in line with all other commodity-based ETPs. APs are financial institutions that create and redeem ETP shares based on market demand. The creation and redemption processes are most efficient and cost-effective […] Source
The U.S. Securities and Exchange Commission (SEC) has approved the use of in-kind creation and redemption processes for all spot bitcoin (BTC) and ethereum (ETH) exchange-traded funds (ETFs), marking a significant shift in the regulator’s approach to digital assets under its new leadership. The decision allows authorized participants—large institutional investors who facilitate ETF liquidity—to create and redeem ETF shares directly in BTC or ETH, rather than having to use cash. The mechanism is widely seen as more efficient and secure as it lets authorized participants to closely track investor demand…
The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), giving authorized representatives the ability to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the securities regulator stated that approved Bitcoin (BTC) and Ether (ETH) funds 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,” SEC Chairman Paul…
The US Securities and Exchange Commission won’t decide on the Truth Social Bitcoin ETF until at least Sept. 18. On Monday, the Commission said it had extended the review period for the proposed fund, which NYSE Arca submitted on behalf… Original
The US Securities and Exchange Commission (SEC) on Monday delayed its decision on the proposed Truth Social Bitcoin exchange-traded fund (ETF), extending the review deadline to Sept. 18 from Aug. 4. The fund, backed by the Trump Media and Technology group, is seeking approval to list the Truth Social Bitcoin ETF on the NYSE Arca exchange under the SEC’s commodity-based trust share framework. Source: SEC.gov The agency, which can take up to 270 days to approve or reject ETF applications, said it extended the review period to allow more time to…
Tron Inc. files with the SEC for a $1 billion raise, blending TRX treasury expansion, Sun family-backed deal, and Nasdaq strength to fuel its hybrid strategy. Tron Inc. Targets $1B Raise With TRX Treasury, Sun Family Deal, and Nasdaq Firepower Tron Inc., a Nevada corporation integrating blockchain strategy with consumer products, filed a registration statement […] Source CryptoX Portal
The U.S. Securities and Exchange Commission has officially launched its search for five new members, including the chairperson, to lead the Public Company Accounting Oversight Board (PCAOB) in a pivotal period of fiscal scrutiny and investor protection. SEC Chairman Paul S. Atkins announced the opening of the nomination process for all five PCAOB seats, with […] Source CryptoX Portal
The top securities regulator in the US is pausing Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) almost immediately after approving it. Two days ago, the U.S. Securities and Exchange Commission (SEC) gave an “accelerated” approval of Bitwise’s proposal to convert BITW to a spot ETF. “Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘Exchange Act’) and Rule 19b-4 thereunder, NYSE Arca, Inc. (‘NYSE Arca’ or ‘Exchange’) filed with the Securities and Exchange Commission (‘Commission’) a proposed rule…
The two entities expect to finalize the merger on August 11, 2025, according to a joint press release published on Tuesday. SEC Receives Merger Proposal From Nakamoto and KindlyMD Healthcare firm KindlyMD and bitcoin treasury startup Nakamoto Holdings published a press release on Tuesday announcing the formal submission of their merger documentation to the U.S. […] Source CryptoX Portal
The US Securities and Exchange Commission approved and then immediately paused the conversion of Bitwise’s crypto index fund into an exchange-traded fund, leaving it in limbo pending a review. The SEC’s division of trading and markets granted an “accelerated approval” of the Bitwise 10 Crypto Index conversion into an ETF on Tuesday, which means Bitwise could request that the SEC declare the registration effective earlier than the regular timeline. However, in a letter the same day, SEC assistant secretary Sherry Haywood said the “order is stayed until the Commission orders…