The Securities and Exchange Commission (SEC) is not yet ready to make a decision on two critical features that issuers of the …
Redemptions
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Regulation
SEC delays decisions on staking and in-kind redemptions for crypto ETFs to early June
by shayaanby shayaanThe US Securities and Exchange Commission (SEC) has delayed decisions on two proposed amendments related to crypto exchange-traded funds (ETFs), extending review …
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Markets
First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions
by shayaanby shayaanA prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In …
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Finance
Cboe Files to Allow In-Kind Redemptions for Invesco Galaxy Bitcoin and Ethereum ETFs
by shayaanby shayaanCboe BZX Exchange has filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) on behalf of Inveso Galaxy …
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Regulation
SEC acknowledgment boosts chances for spot Litecoin ETF, in-kind redemptions for Bitcoin ETF
by shayaanby shayaanThe US Securities and Exchange Commission (SEC) has acknowledged two key filings: an amendment for Grayscale’s proposed spot Litecoin (LTC) exchange-traded fund …
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Scams
BlackRock Bitcoin ETF Could Enable In-Kind BTC Redemptions: Nasdaq Filing
by shayaanby shayaanBlackRock’s iShares Bitcoin Trust ETF could receive a significant update, per a Friday 19b-4 form filing from Nasdaq, which proposed a rule …
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Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to …