SEC Opens Door to In-Kind Redemption Option for Crypto ETFs — TradingView News
The US Securities and Exchange Commission (SEC) has cleared the way for crypto ETFs to use in-kind creations and redemptions, a move industry participants say could make the fast-growing market more efficient and cost-effective.
The regulator voted on July 29 to approve orders shares of Bitcoin and Ether exchange-traded products (ETPs) in kind, meaning they can receive the underlying cryptocurrency directly rather than cash.
Until now, spot Bitcoin and Ether ETPs approved in 2024 were restricted to cash-only transactions.
Chairman Paul S. Atkins said following the vote: “A key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets. Investors will benefit from these approvals, as they…
