Approval of In-Kind Redemptions for Bitcoin ETFs

The SEC has made a big move for the U.S. digital asset investment landscape. The regulatory watchdog approved in-kind creation and redemption for all spot bitcoin and ethereum ETFs. This means authorized participants (typically big institutional investors and banks) can exchange ETF shares for bitcoin or ethereum instead of cash. Long-awaited by issuers and market…

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Now is the time for TradFi and DeFi to work together

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, cryptocurrency advocates have passionately highlighted the transformative potential of blockchain, often in contrast to traditional financial institutions. The creation of Bitcoin (BTC) in 2008 was a response to a moment…

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Tengr.ai Sells Out NFT Collection in Seconds

Ethical image generation infrastructure Tengr.ai announced its entry into the world of web3 a couple weeks ago; as the company now sold out its ‘Tengr Genesis Collection’ on Galaxis Community platform in seconds on Wednesday, seemingly defying the notion that the NFT industry is “dead.” Tengr.ai’s new digital gift collection of 888 non-fungible tokens (NFTs)…

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