SEC May Approve In-Kind Redemptions for Bitcoin ETFs Amid Coinbase XRP Reduction
Main Idea
The SEC has approved in-kind redemptions for Bitcoin and Ethereum ETFs, while Coinbase reduced its XRP cold storage holdings by 40%, and SHIB experienced an 8,866% surge in whale outflows.
Key Points
1. SEC approval allows Bitcoin and Ethereum ETFs to be created and redeemed using actual cryptocurrencies, improving operational efficiency.
2. Coinbase reduced its XRP cold storage holdings by 40%, moving assets from cold wallets to hot wallets, possibly indicating upcoming transactions or sales.
3. Shiba Inu (SHIB) saw an 8,866% increase in whale outflows, suggesting increased on-chain activity and potential accumulation by retail investors.
4. In-kind redemptions for ETFs may improve liquidity and market efficiency for BTC and ETH investments.
5. Coinbase's XRP reduction could signal strategic asset movement or liquidity adjustments, potentially affecting XRP's market dynamics.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The SEC has
Latest News
- Bitcoin Profit-Taking by New Whales May Signal Declining Dominance and Potential Altcoin Season2025-07-31 16:56:34
- Bitcoin Unrealized Profits Near $1.4 Trillion Signal Potential Market Distribution Risks2025-07-31 16:54:13
- Ethereum NFT Torch Event May Signal Growing Community Engagement and Transaction Activity2025-07-31 16:51:40
- XRP Price Shows Potential Double Bottom Pattern Near $3.25 Resistance, Suggesting Possible Bullish Momentum2025-07-31 16:26:55
- Blockstream Introduces Simplicity, a Bitcoin-Native Smart Contract Language Offering an Alternative to Ethereum’s Solidity2025-07-31 16:26:11