Both of the two biggest cryptos surged on Friday after Federal Reserve Chair Jerome Powell hinted at a September rate cut.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The agency approved in-kind redemptions for spot Bitcoin and Ethereum ETFs last week, but the move may just the beginning for Atkins’ SEC.
Bitcoin, Ether and other crypto ETFs are no longer limited to cash transactions — they can use in-kind creation and redemption.
Advisors are bearish on crypto, but alternative coin ETFs may not be the products they’re looking for, experts said.
Atkins’ nomination is a breath of fresh air for the crypto crowd, who felt Gensler dragged his feet on policy.
Wealth managers are getting held-away crypto assets in-house through ETFs and separately managed accounts.
The funds that track the second-largest cryptocurrency were off to the races in late July, but have been stuck in the ether ever since.