SEC Greenlights In-Kind Redemptions and Spot Crypto ETPs in Major Market Shift

In a significant regulatory pivot, the US Securities and Exchange Commission (SEC) has authorised in-kind creation and redemption for all spot Bitcoin and Ethereum exchange-traded products (ETPs). Authorised participants can now exchange ETP shares for the underlying crypto assets rather than cash. This adjustment applies to ETPs listed on exchanges such as Nasdaq…
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