#ETH It is reported that the U.S. Securities and Exchange Commission (SEC) has approved allowing cryptocurrency asset exchange-traded products (ETPs) to adopt a physical subscription and redemption mechanism. Jamie Selway, Director of the SEC's Division of Trading and Markets, stated that this mechanism will bring greater efficiency and cost advantages to issuers, authorized participants, and investors. On the same day, the SEC also approved several rule amendments related to cryptocurrency asset ETPs, including an increase in some Bitcoin ETPs.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#ETH It is reported that the U.S. Securities and Exchange Commission (SEC) has approved allowing cryptocurrency asset exchange-traded products (ETPs) to adopt a physical subscription and redemption mechanism. Jamie Selway, Director of the SEC's Division of Trading and Markets, stated that this mechanism will bring greater efficiency and cost advantages to issuers, authorized participants, and investors. On the same day, the SEC also approved several rule amendments related to cryptocurrency asset ETPs, including an increase in some Bitcoin ETPs.