X @Joe Consorti ⚡️
Joe Consorti ⚡️·2025-07-29 20:40
Institutions will now be able to sell their spot ETF shares for Bitcoin, or buy spot ETF shares using Bitcoin.This reduces the need for the ETFs to sell Bitcoin on the open market when entities cash out. They can just give them the BTC instead.Massively bullish development.Eric Balchunas (@EricBalchunas):Looks like SEC just approved in-kind creation / redemption for all spot bitcoin and ether ETFs. https://t.co/P8SEJv2Tk8 ...