The U.S. Securities and Exchange Commission’s approval ofin-kind creations and redemptionsfor spot Bitcoin and Ethereum exchange-traded funds onJuly 29 has altered how authorized participants interact with these products. This structural change is expected to reduce tracking error and bid-ask spreads, bringing the operational model closer to commodity ETFs and potentially broadening the investor base.

The U.S. Securities and Exchange Commission’s approval ofin-kind creations and redemptionsfor spot Bitcoin and Ethereum exchange-traded funds onJuly 29 has altered how authorized participants interact with these products. This structural change is expected to reduce tracking error and bid-ask spreads, bringing the operational model closer to commodity ETFs and potentially broadening the investor base.

Source: https://cryptoslate.com/why-5-4-billion-in-july-inflows-could-fuel-ethereums-biggest-rally-yet-toward-6k/