The SEC has approved in-kind redemptions for crypto ETFs, enabling a feature sought by Bitcoin and Ethereum fund issuers.

The decision allows authorized participants to create and redeem ETF shares directly in BTC or ETH, rather than having to use cash.

The SEC has pushed back its deadline on the Truth Social Bitcoin ETF and Grayscale Solana Trust by several weeks.

Other crypto ETF applications, including the Grayscale Solana Trust and Canary Capital Litecoin ETF, were also postponed.

Bitcoin (BTC) smashing past $122,000 on the back of historic ETF inflows has reignited crypto market momentum. Institutional money is flowing at record levels, pushing top assets to new highs.

Key PointsThe ARK 21Shares Bitcoin ETF closely tracks the price of Bitcoin, but it's simpler to manage than direct crypto ownership.

FBTC hits a 52-week high, surging 129% from its low, fueled by Bitcoin momentum and rising institutional demand.

BlackRock’s IBIT now holds more than 700,000 BTC. The fund has managed to achieve this milestone 18 months after its launch, and its total returns since inception stand at 82.67%.

Wall Street giant BlackRock, Inc. (NYSE: BLK) is now generating more in revenue from its spot Bitcoin exchange-traded fund (ETF) than its signature S&P 500 fund offering, Bloomberg reported on July 2.

At the world’s biggest asset manager, a Bitcoin exchange-traded fund now generates more revenue than its signature tracker of the S&P 500 Index.

BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more annual fee revenue than its signature tracker of the S&P 500 Index, according to a Bloomberg report.

Brown, Penn and Harvard are among a group of eight Ivy League universities that all received letters from the committee In April, demanding a huge tranche of documents and records.