tldr; The U.S. Securities and Exchange Commission (SEC) has approved in-kind creations and redemptions for crypto exchange-traded products (ETPs). This decision aligns crypto ETPs with commodity ETFs, which typically allow for transactions in the underlying commodity. Previously, the SEC required redemptions in cash for bitcoin and ether ETFs. Asset managers had advocated for this change, arguing that crypto products should be treated similarly to other commodity-based ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The U.S. Securities and Exchange Commission (SEC) has approved in-kind creations and redemptions for crypto exchange-traded products (ETPs). This decision aligns crypto ETPs with commodity ETFs, which typically allow for transactions in the underlying commodity. Previously, the SEC required redemptions in cash for bitcoin and ether ETFs. Asset managers had advocated for this change, arguing that crypto products should be treated similarly to other commodity-based ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.