What Happened Last Week in Crypto (7/27-8/3)
SEC Approves In-Kind Redemptions for Crypto ETFs: The SEC has approved the use of in-kind creations and redemptions for spot BTC and ETH ETPs. This means authorized participants can now exchange ETP shares directly for the underlying cryptocurrencies, rather than using cash. This approval is widely viewed as a major step towards a more crypto-friendly regulatory environment.
President’s Working Group on Digital Asset Markets Reports: Last Wednesday, the White House released a comprehensive report highlighting the transformative potential of digital assets and blockchain technology for the U.S economy. The report, titled “Strengthening American Leadership in Digital Financial Technology” outlines a strategic roadmap for future regulatory policies and industry development in the digital asset space. (1)
10 Years of Ethereum: On July 30th, 2025, Ethereum celebrated its 10th anniversary, marking a decade of innovation, decentralization, and the evolution of smart contracts that have helped reshaped the digital economy. (2)
JPM & Coinbase Partnership: JPM and Coinbase announced that, starting in 2026, Chase customers will be able to connect their bank accounts to crypto wallets, increasing digital asset accessibility. (3)
*The above referenced discussions are noteworthy activities that happened during the week in crypto markets. Discussions should not be regarded as any type of trading recommendation, or as a signal about any past, current or future trading activity in any fund or strategy, by Franklin Templeton and its affiliates.
1. Source: “Strengthening American Leadership in Financial Technology.” The White House. July 30, 2025.
2. Source: “10 Years of Ethereum” Ethereum. July 30, 2025.
3. Source: “JP Morgan, Coinbase to Enable ‘Direct Bank-to-Wallet Connection for Chase Customers.” Decrypt. July 30, 2025.
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