TechFlow news, July 30 — According to an official announcement by the U.S. Securities and Exchange Commission (SEC), the SEC has voted to allow authorized participants to conduct in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs).
SEC Chair Paul S. Atkins stated that this marks the beginning of a new chapter in SEC regulation, making these products more cost-effective and efficient. The SEC also approved other proposals promoting the development of the crypto asset market, including listing applications for combined spot Bitcoin and Ethereum ETPs, specific spot Bitcoin ETP options trading, Flexible Exchange (FLEX) options trading, and increasing position limits for specific Bitcoin ETP options to 250,000 contracts.
