Digital Coin News

U.S. Bitcoin ETFs Q1: Major institutions hold $10.7 billion, but…

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

US Bitcoin ETF's off-chain transaction confusion has highlighted how 'cash redemption' limits transparency compared to 'in kind' feature.

Off-chain transactions linked to BTC ETFs have raised eyebrows, but they are part of the ‘cash redemption’ feature.ETFs trend in Q1, with holdings worth $10.7 billion, according to an analysis by Bitwise CIO Matt Hougan.showed that 944 firms with AUM over $100 million revealed holdings in U.S. spot BTC ETFs.

However, Dave Weisberger of Coinroutes quipped that the ‘off-chain transactions’ are part of the ‘cash redemption’ feature of the U.S. spot BTC ETF products. However, according to Weisberger, this doesn’t mean the respective ETF issuers don’t have a 1:1 backing of the underlying spot BTC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin fees crash from $2.4M to $10 post-halvingBitcoin fees have been a major subject in the crypto market since the halving on 20 April, came with an interesting twist. The day before the
Source: CryptoAmb - 🏆 22. / 68 Read more »