SEC Approves In-Kind Creation and Redemption for Bitcoin and Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has approved in-kind creation and redemption processes for all spot Bitcoin BTC BTC - $123012.202 and Ethereum ETH ETH - $4740.971 exchange-traded funds (ETFs), a move widely seen as a breakthrough for institutional crypto investing. This decision allows authorized participantstypically large financial institutionsto create and redeem ETF shares directly using BTC BTC - $123012.202 or ETH ETH - $4740.971 instead of cash, streamlining operations and reducing conversion costs.

Source: tokenpost.com

Related symbols: BTCUSD

2025-07-30 00:58:04 GMT.

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Price & Market Data

Price: $123012.202

Volume 24h: $90,946,604,859.16

Market Cap: $2,448,673,512,537.60

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,905,940. The last known price of Bitcoin is 123,577.05105255 USD and is up 3.12 over the last 24 hours. It is currently trading on 12283 active market(s) with $89,703,755,115.55 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Price & Market Data

Price: $4740.971

Volume 24h: $64,122,695,556.83

Market Cap: $572,275,916,108.31

Description

Ethereum (ETH) is a cryptocurrency . Ethereum has a current supply of 120,708,589.99439151. The last known price of Ethereum is 4,776.92872246 USD and is up 4.37 over the last 24 hours. It is currently trading on 10438 active market(s) with $59,714,474,616.86 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.