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The US SEC approves in-kind creations and redemptions for crypto ETFs, allowing institutional investors to exchange ETF shares for the underlying BTC or ETH (André Beganski/Decrypt) from Techmeme RSS feed.
The US SEC approves in-kind creations and redemptions for crypto ETFs, allowing institutional investors to exchange ETF shares for the underlying BTC or ETH (André Beganski/Decrypt)
André Beganski / Decrypt:
The US SEC approves in-kind creations and redemptions for crypto ETFs, allowing institutional investors to exchange ETF shares for the underlying BTC or ETH — The SEC has approved in-kind redemptions for crypto ETFs, enabling a feature sought by Bitcoin and Ethereum fund issuers.