SEC Green‑lights In‑Kind Crypto ETP Mechanism

On July 29, 2025, the U.S. Securities and Exchange Commission (SEC) approved the use of in‑kind creation and redemption mechanisms for all spot Bitcoin and Ethereum exchange‑traded products (ETPs). Previously, authorized participants could only create or redeem shares using cash, in contrast to commodity ETPs which have long relied on in‑kind transfers. Why It Matters Lower Costs: The ability to exchange shares directly for crypto assets ...

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