SEC Greenlights In-Kind Transactions for Crypto Exchange-Traded Products

The U.S. Securities and Exchange Commission (SEC) announced connected Tuesday that “authorized participants” (APs) for crypto exchange-traded products (ETPs) tin present execute in-kind transactions, successful enactment with each different commodity-based ETPs. APs are fiscal institutions that make and redeem ETP shares based connected marketplace demand. The instauration and redemption processes are astir businesslike and cost-effective […]