A Quiet SEC Rule Shift Brings Crypto ETFs Closer to Mainstream
Cryptocurrency,Markets,SEC,Banking and Finance
From the Left
AllSides Media Bias Rating: Lean Left
In another sign of growing mainstream acceptance of digital assets, US regulators have approved a key process that brings cryptocurrency exchange-traded products more in line with their traditional counterparts.
The US Securities and Exchange Commission on Tuesday authorized the use of in-kind creation and redemption mechanisms for crypto ETPs — a significant shift from the cash-only model that had been required until now.
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