SEC seeks comment on in-kind redemptions for Bitcoin, Ether ETFs
In-kind redemptions are more tax-efficient and stand to increase the appeal of spot crypto ETFs for institutional investors. Source link
Here’s why Russia’s investigating committee seeks regulating Bitcoin as property
Russia’s main federal investigating authority is proposing new legislation for Bitcoin that could potentially criminalize its transfer through third parties. Russia’s Investigative Committee has put forward a proposal that could potentially affect the country’s cryptocurrency market. In early February, the agency’s Chairman Alexander Bastrykin announced during an extended board meeting that the committee had proposed […]
Franklin Templeton seeks SEC approval for Crypto Index ETF
The Franklin Crypto Index ETF seeks to provide exposure to the spot prices of Bitcoin and Ether, following a similar filing by Bitwise just weeks earlier. Source link
Bank of Papua completes CBDC trials, seeks expanding cross-border payments
The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders. Authorities in Papua New Guinea are stepping up their central bank digital currency efforts, with the Bank of Papua New Guinea completing its CBDC proof-of-concept trial. The trial, done in partnership […]
Nasdaq seeks to allow ‘in-kind’ redemptions for BlackRock’s Bitcoin ETF
Nasdaq submits an SEC filing to allow in-kind transfers of BlackRock’s spot Bitcoin ETF, simplifying the process for authorized participants. In a filing submitted to the U.S. Securities and Exchange Commission, Nasdaq proposed on behalf of BlackRock to amend certain conditions made in the initial proposal for the iShares Bitcoin (BTC) Trust that would “allow […]
Nasdaq seeks amendment to BlackRock’s Bitcoin ETF for in-kind redemptions
The in-kind redemption model is seen as a more efficient option for the spot Bitcoin ETF and should have been allowed from “the get-go,” says an ETF analyst. Source link
Ripple seeks April deadline for cross-appeal brief in SEC case
Ripple Labs has filed a request with the U.S. Court of Appeals for the Second Circuit seeking an April 16, 2025 deadline for its cross-appeal brief in the Ripple vs. SEC case. The Ripple Labs legal team filed the request on Jan. 23, with the crypto company’s legal team noting that Ripple co-founder Chris Larsen […]
Medical device maker Semler Scientific seeks $75m in convertible notes to buy more Bitcoin
Semler Scientific seeks $75 million through a private offering of convertible senior notes, intending to use a portion for Bitcoin investments. Public medial device maker Semler Scientific announced plans to offer $75 million in convertible senior notes, with a portion of the funds set aside for purchasing Bitcoin (BTC). The offering will be made to […]
North Dakota bill seeks to cap crypto ATM transactions to tackle fraud
North Dakota’s lawmakers have introduced a bill aimed to combat crypto ATM transactions after 103 state residents reported $6.5 million in losses to crypto scams in 2023. Source link
VanEck seeks SEC approval for Onchain Economy ETF
Will the SEC approve VanEck’s entry into the growing digital asset investment space? On Jan. 15, 2025, asset management company VanEck filed an application with the U.S. Securities and Exchange Commission for the “Onchain Economy” exchange-traded fund. Matthew Sigel, VanEck’s head of digital assets research, disclosed the filing in a now-deleted social media post, revealing […]
