DeFi Daily News
Sunday, June 1, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title SEC acknowledgment boosts chances for spot Litecoin ETF, in-kind redemptions for Bitcoin ETF

Gino Matos by Gino Matos
February 6, 2025
in Crypto Market
0 0
0
rewrite this title SEC acknowledgment boosts chances for spot Litecoin ETF, in-kind redemptions for Bitcoin ETF
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

The US Securities and Exchange Commission (SEC) has acknowledged two key filings: an amendment for Grayscale’s proposed spot Litecoin (LTC) exchange-traded fund (ETF) and a separate request allowing in-kind redemptions for BlackRock’s iShares Bitcoin ETF (IBIT), according to Feb. 6 filings.

Analysts view the SEC’s engagement with these filings as a crucial step toward potential approval.

Bloomberg senior ETF analyst Eric Balchunas previously said that the SEC’s interaction with the application raises the likelihood of approval, stating that a “Litecoin ETF has all the boxes checked” for regulatory clearance.

Balchunas also pointed out that the SEC’s comments on the S-1 amendment signal regulatory momentum, with Litecoin widely considered a commodity rather than a security. He suggested that a shift in SEC leadership could further shape the agency’s stance.

He made the comments after Nasdaq submitted a 19b-4 form on Jan. 16 seeking approval to list and trade a spot Litecoin ETF registered by Canary Capital.

The SEC’s latest acknowledgment strengthens expectations for a Litecoin ETF approval, with some analysts speculating the agency may opt to approve multiple crypto ETFs in a single batch.

Meanwhile, the industry has similar expectations regarding BlackRock’s application to allow in-kind redemptions. If approved, the adjustment would allow the direct transfer of Bitcoin (BTC) to investors during redemptions rather than converting assets into cash. The change could enhance efficiency and reduce tax liabilities for institutional participants.

The shift toward in-kind redemptions follows a broader industry trend to improve ETF liquidity and operational efficiency. In-kind transfers could reduce the impact of capital gains taxes and slippage associated with cash transactions, making the ETF structure more attractive to large investors.

Regulatory landscape for crypto ETFs

The SEC’s engagement with new crypto ETF structures signals ongoing developments in digital asset regulation. 

The approval of spot Bitcoin ETFs has paved the way for additional crypto-related investment vehicles, with Litecoin now being considered a potential second-mover in the altcoin ETF space.

Market participants are watching whether in-kind redemption models gain regulatory approval, which could influence the long-term operation of spot Bitcoin ETFs.

Mentioned in this article

Blocscale

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: acknowledgmentBitcoinBoostsChancesETFInKindlitecoinRedemptionsrewriteSECSpottitle
ShareTweetShare
Previous Post

rewrite this title Premier League Darts 2025: Luke Humphries breezes to opening-night win in Belfast as Michael van Gerwen beats Luke Littler in classic

Next Post

rewrite this title Is Google still a money-making machine? – eToro

Next Post
rewrite this title Is Google still a money-making machine? – eToro

rewrite this title Is Google still a money-making machine? - eToro

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

July 12, 2024
Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

August 27, 2024
Can I buy A House With Crypto? RWA DeFi Revolution

Can I buy A House With Crypto? RWA DeFi Revolution

April 16, 2025
Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

July 18, 2024
Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

September 18, 2024
rewrite this title Indiana Pacers Aren’t Sexy, but They Might Be the Thunder’s Worst Nightmare | Deadspin.com

rewrite this title Indiana Pacers Aren’t Sexy, but They Might Be the Thunder’s Worst Nightmare | Deadspin.com

June 1, 2025
My Husband Wants Alcohol In The Budget, I Do Not

My Husband Wants Alcohol In The Budget, I Do Not

June 1, 2025
rewrite this title Dotemu’s CEO on how it makes new games that feel retro

rewrite this title Dotemu’s CEO on how it makes new games that feel retro

June 1, 2025
rewrite this title Bitcoin Rich List: Who’s Stacking, Who’s Slacking?

rewrite this title Bitcoin Rich List: Who’s Stacking, Who’s Slacking?

June 1, 2025
rewrite this title Hilaria Baldwin Calls Alec Baldwin ‘The Boss’ In Playful Post | Celebrity Insider

rewrite this title Hilaria Baldwin Calls Alec Baldwin ‘The Boss’ In Playful Post | Celebrity Insider

June 1, 2025
rewrite this title and make it good for SEOHELOC rates today, June 1, 2025: Interest rates on home equity lines of credit move lower again

rewrite this title and make it good for SEOHELOC rates today, June 1, 2025: Interest rates on home equity lines of credit move lower again

June 1, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.