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SEC Prefers Cash Redemption Models for Spot Bitcoin

The method will likely make spot bitcoin ETFs more expensive for investors. ....

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Top performer River and Mercantile UK Micro Cap to return cash to shareholders

Top performer River and Mercantile UK Micro Cap to return cash to shareholders
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Fifth redemption since IPO
Sabuhi Gard
The River and Mercantile UK Micro Cap investment trust will return cash to shareholders, following strong performance by the company over the past several months.
The trust s board intends to undertake a compulsory redemption of the trust s redeemable ordinary shares. Its redemption mechanism is used periodically to return capital to shareholders so as to return the company s net asset value (NAV) to around £100m, in accordance with the policy in the original prospectus. ....

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