The SEC has granted accelerated approval for rule changes proposed by Nasdaq, CBOE, and NYSE, allowing in-kind creations and redemptions for Bitcoin and Ethereum ETFs. This development enables market makers to deliver or receive actual cryptocurrency instead of cash, aligning crypto ETFs more closely with traditional commodity ETFs. The move is seen as a significant step in integrating cryptocurrencies into mainstream financial markets.
SEC Approves In-Kind Creations for Bitcoin and Ethereum ETFs
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.