It is reported that the U.S. Securities and Exchange Commission (SEC) has approved the use of a physical subscription and redemption mechanism for exchange-traded products (ETPs) in cryptocurrency asset exchanges. Jamie Selway, Director of the SEC's Division of Trading and Markets, stated that this mechanism will benefit issuers and authorized.
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It is reported that the U.S. Securities and Exchange Commission (SEC) has approved the use of a physical subscription and redemption mechanism for exchange-traded products (ETPs) in cryptocurrency asset exchanges. Jamie Selway, Director of the SEC's Division of Trading and Markets, stated that this mechanism will benefit issuers and authorized.