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Ethereum Daily
@ethereumdaily.eth
Ethereum Daily ~ July 29, 2025 🔥 Linea ETH Burn & Yield ✅ SEC Approves In-Kind Redemptions for ETH ETFs 🚀 Base Overtakes Solana in Daily Token Launches + Much More Below! https://paragraph.com/@ethereumdaily/ethereum-daily-july-29-2025
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Icetoad 🍕 🎩 🐈
@icetoad.eth
In-kind redemptions, interesting
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Ethereum Daily
@ethereumdaily.eth
Yeah it’s a big improvement imo. Allows ETF holders to hold actual ETH instead of the cash equivalent (which should have been the case at launch)
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Elliot Nguyen
@elliot21nguyen
I actually didn’t know this. Thought APs had to have spot for creation and redemption with ETF. Weird that it was cash since that would likely increase tracking error
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Ethereum Daily
@ethereumdaily.eth
Yeah I never heard a good reason for the cash approach. Think it was just classic Gensler shenanigans but who knows
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