The US SEC has approved in-kind creations and redemptions for Bitcoin and Ether exchange-traded products, allowing authorized participants to transact directly in cryptocurrencies instead of cash. This regulatory shift enhances operational efficiency, reduces costs, and improves tax treatment for institutional investors. Additionally, the SEC advanced approvals for mixed spot Bitcoin and Ether ETPs, options trading expansions, and sought public feedback on large-cap crypto ETP listings. These measures mark a significant move towards mainstream ETF standards and are expected to accelerate the rapid growth of crypto ETFs in 2024.
Continue to read SEC Greenlights In-Kind Creations and Redemptions for Crypto ETFs, Boosting Market Efficiency
The US SEC has approved in-kind creations and redemptions for Bitcoin and Ether exchange-traded products, allowing authorized participants to transact directly in cryptocurrencies instead of cash. This regulatory shift enhances operational efficiency, reduces costs, and improves tax treatment for institutional investors. Additionally, the SEC advanced approvals for mixed spot Bitcoin and Ether ETPs, options trading expansions, and sought public feedback on large-cap crypto ETP listings. These measures mark a significant move towards mainstream ETF standards and are expected to accelerate the rapid growth of crypto ETFs in 2024.
Continue to read SEC Greenlights In-Kind Creations and Redemptions for Crypto ETFs, Boosting Market Efficiency
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