- The U.S. Securities and Exchange Commission gives the green light to create and redeem physically-backed Bitcoin and Ethereum exchange-traded products (ETPs)(.
In July, the SEC approved orders allowing the creation and redemption of physically-backed cryptocurrency exchange-traded products (ETPs)) by qualified participants, highlighting increasing regulatory clarity in the United States for cryptocurrencies.
This system represents a shift from the previous cash-based mechanism for spot Bitcoin and Ethereum ETFs, which was limited to cash creation and redemption only. This new development allows investors to obtain the underlying asset, which is more efficient, as it enables authorized participants to avoid selling assets in the market, potentially reducing transaction costs. Moreover, it links digital asset ETFs with traditional commodity-based ETFs, such as gold and oil.
Aside from this development, the committee also approved other orders supporting a neutral merit approach to cryptocurrency-based products, including exchange requests seeking to list and trade a hybrid ETF( containing a mix of spot Bitcoin and spot Ethereum, options on certain spot Bitcoin ETFs), flexible exchange options( on shares of certain Bitcoin-based ETFs), and increasing position limits up to the general options limits( to 250,000 contracts) for options listed on certain Bitcoin-based ETFs(.
View Original
Before00zero
- From campaign promises to Trump's personal interests in digital assets: Alongside his positive stance on cryptocurrencies, Donald Trump's increasing involvement in digital assets has boosted confidence in the cryptocurrency market. The Trump family launched the "World Liberty Financial" (WLFI) project, a decentralized finance project built on the Ethereum blockchain, supported by his children (Donald Jr., Eric, and Barron) in September 2024.
Market participants viewed this alignment of personal financial interests and political influence as a strong tailwind for cryptocurrency adoption, and an expectation of favorable policies and regulations for the digital asset industry.
So far in 2025, WLFI tokens have been purchased by many prominent individuals and companies in the crypto space, including Justin Sun, founder of Tron; the UAE-based venture capital firm (Aqua 1); ALT5 Sigma; and many others.
Data from Arkham Intelligence below indicates that WLFI currently holds digital tokens worth $6.93 billion, including Ethereum (ETH), Aave (AAVE), Chainlink (LINK), and others. The decentralized finance project also launched its own stablecoin, USD1, backed 1:1 by the US dollar (USD). In addition to these developments, Trump's interest in digital assets is growing, as his company "Trump Media & Technology Group" (DJT) has applied for a Bitcoin ETF (ETF) with the U.S. Securities and Exchange Commission, which is still under review.
Current WLFI holdings. Source: Arkham Intelligence
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
- The U.S. Securities and Exchange Commission gives the green light to create and redeem physically-backed Bitcoin and Ethereum exchange-traded products (ETPs)(.
In July, the SEC approved orders allowing the creation and redemption of physically-backed cryptocurrency exchange-traded products (ETPs)) by qualified participants, highlighting increasing regulatory clarity in the United States for cryptocurrencies.
This system represents a shift from the previous cash-based mechanism for spot Bitcoin and Ethereum ETFs, which was limited to cash creation and redemption only. This new development allows investors to obtain the underlying asset, which is more efficient, as it enables authorized participants to avoid selling assets in the market, potentially reducing transaction costs. Moreover, it links digital asset ETFs with traditional commodity-based ETFs, such as gold and oil.
Aside from this development, the committee also approved other orders supporting a neutral merit approach to cryptocurrency-based products, including exchange requests seeking to list and trade a hybrid ETF( containing a mix of spot Bitcoin and spot Ethereum, options on certain spot Bitcoin ETFs), flexible exchange options( on shares of certain Bitcoin-based ETFs), and increasing position limits up to the general options limits( to 250,000 contracts) for options listed on certain Bitcoin-based ETFs(.
Alongside his positive stance on cryptocurrencies, Donald Trump's increasing involvement in digital assets has boosted confidence in the cryptocurrency market. The Trump family launched the "World Liberty Financial" (WLFI) project, a decentralized finance project built on the Ethereum blockchain, supported by his children (Donald Jr., Eric, and Barron) in September 2024.
Market participants viewed this alignment of personal financial interests and political influence as a strong tailwind for cryptocurrency adoption, and an expectation of favorable policies and regulations for the digital asset industry.
So far in 2025, WLFI tokens have been purchased by many prominent individuals and companies in the crypto space, including Justin Sun, founder of Tron; the UAE-based venture capital firm (Aqua 1); ALT5 Sigma; and many others.
Data from Arkham Intelligence below indicates that WLFI currently holds digital tokens worth $6.93 billion, including Ethereum (ETH), Aave (AAVE), Chainlink (LINK), and others. The decentralized finance project also launched its own stablecoin, USD1, backed 1:1 by the US dollar (USD). In addition to these developments, Trump's interest in digital assets is growing, as his company "Trump Media & Technology Group" (DJT) has applied for a Bitcoin ETF (ETF) with the U.S. Securities and Exchange Commission, which is still under review.
Current WLFI holdings. Source: Arkham Intelligence