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Original coverage across the crypto market, updated daily.
Under the new OCC approach, the standard two-business-day redemption limit for covered issuers ends at payment initiation or issuer credit, with bank availability judged separately.
BlackRock's IBIT pulled in $665.2 million, outweighing redemptions at Fidelity and Grayscale as other funds stayed flat.
Spot XRP funds saw $5.15 million in net redemptions limited to two products, leaving the next weekly flow print as the test of whether the pullback widens.
Bitwise is winding down six crypto option ETFs that returned investors' capital as yield, with cash redemptions in August.