🇺🇸 The SEC officially allows cryptocurrency ETFs to create and redeem shares using Bitcoin and Ethereum directly, instead of cash.
What does this mean?
Before, everything was done in dollars: if someone wanted to invest in the ETF, they would send the money, and then the issuer—for example, BlackRock—would buy BTC.
🔁 Now, they can directly use BTC or ETH to enter or exit the ETF.
Faster, cheaper, more investors coming in.