Trading Notes | ETF Creations and Redemptions
① When U.S. spot Bitcoin and Ethereum ETFs first launched, they only allowed cash creations and redemptions. In July 2025, the SEC approved in-kind creations and redemptions for crypto asset ETPs.
② When creating shares, authorized participants give the fund cash or the corresponding assets and receive a full creation unit of new shares; redemptions work in reverse.
③ Before buying an ETF, check its fees, trading volume, and typical premium or discount range—don’t judge by its name alone.
$BTC 83509.38（-0.84%）
① When U.S. spot Bitcoin and Ethereum ETFs first launched, they only allowed cash creations and redemptions. In July 2025, the SEC approved in-kind creations and redemptions for crypto asset ETPs.
② When creating shares, authorized participants give the fund cash or the corresponding assets and receive a full creation unit of new shares; redemptions work in reverse.
③ Before buying an ETF, check its fees, trading volume, and typical premium or discount range—don’t judge by its name alone.
$BTC 83509.38（-0.84%）