SEC Allows In-Kind Creations and Redemptions for Crypto ETPs
The Securities and Exchange Commission (SEC) voted today to approve in-kind creations and redemptions for crypto asset exchange-traded product (ETP) shares. The decision reflects a departure from recently approved spot bitcoin and ether ETPs, which were limited to creations and redemptions on an in-cash basis. Bitcoin and ether ETPs will be permitted to create and […]
