Crypto ETFs Get a Green Light—Brace for the Flows, or Run for Cover

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In an epic turn of events that could only be described as ‘about time,’ the SEC has finally given crypto ETFs a thumbs-up. Yes, the same agency that once seemed allergic to digital assets now believes they’re worthy of a shiny new mechanism that *may* make your crypto investments cheaper and faster—who knew? 🚀💸

Bitwise Cheers as SEC Grants Permission to Play Nice with In-Kind Trading

On July 30, the fine folks at Bitwise—who clearly argued their case with the tenacity of a toddler refusing veggies—announced that the SEC’s approval of in-kind creation and redemption for crypto ETPs is a game-changer. Basically, it’s like trading your cash for the actual bitcoin without needing to sell a kidney to pay the taxes. Sweet deal! 💰🤝

“It’s big news—and a long time coming,” Bitwise posted on their favorite social media platform, X. Because nothing says ‘trust us’ like social media. The new rules apply to the Bitwise Bitcoin ETF (aka BITB) and the Ethereum ETF (ETHW), plus a few others who clearly missed the memo that they’re now ‘officially’ part of the club.

The genius twist? ETF shares can now be exchanged directly for real crypto assets—like bitcoin and Ethereum—instead of some boring cash. Like trading baseball cards but with blockchain—less messy, more inflation-proof. According to Bitwise, “In-kind creation and redemption helps cut costs and makes taxes less of a headache.” Because who really wants to deal with tax implications when you’re busy imagining your millions? 🏦💥

“Brings spot crypto ETPs closer in line with traditional-asset ETPs and ETFs, which have been doing this dance forever,”

On the very next day, the SEC showed it’s finally on board with what the cool kids have known for ages: crypto ETFs are *almost* legit. SEC Chairman Paul S. Atkins, probably in his best ‘I’m just here to make everyone happy’ voice, declared, “It’s a new day at the SEC. We’re making crypto less mysterious—less ‘what’s behind door number three?’ and more ‘here’s your shiny new transparency badge!’”

Bitwise, meanwhile, just looked pleased as punch, saying this was part of their ‘multi-year crusade’ to get crypto mainstream without making everybody’s heads explode. “We’ve been fighting the good fight to give investors a simpler, less complicated way to get into crypto—think of it as onboarding for grown-ups.”

They wrapped up the message with a confident nod to the future: “This is just one milestone in a year that’s already feeling like a rollercoaster, and honestly, we’re buckled in for the ride.”

Crypto rollercoaster ride

One thing’s for sure: the infrastructure is getting fancier, and the mainstream is definitely paying attention. Crypto’s march into the financial big leagues continues, whether we’re ready or not. 🎢🔑

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2025-08-02 04:02