major impact
Finance
Investments
SEC Permits In-Kind Redemptions for Crypto Asset ETPs
Securities and Exchange Commission
United States
Published Jul 29, 2025
Summary
The SEC voted to permit in-kind creations and redemptions by authorized participants for cryptoasset exchange-traded product (ETP) shares, which were previously limited to an in-cash basis. This significant policy shift allows for more efficient ETP operations and reduces transaction costs for investors in cryptocurrency ETPs.
Key Changes
- In-kind creation and redemption now permitted for crypto ETPs
- Authorized participants can exchange underlying crypto assets directly
- Reduced operational costs for ETP sponsors
Affected Industries
Asset Management
Cryptocurrency
Exchange-Traded Funds
Source
Key Dates
PublishedJul 29, 2025
Added to RegIntelJul 29, 2025
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