{"id":164438,"date":"2025-07-30T07:50:35","date_gmt":"2025-07-30T04:50:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=164438"},"modified":"2025-07-30T08:42:37","modified_gmt":"2025-07-30T05:42:37","slug":"sec-approves-in-kind-creation-and-redemption-for-crypto-etps-marking-regulatory-shift","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-approves-in-kind-creation-and-redemption-for-crypto-etps-marking-regulatory-shift\/","title":{"rendered":"SEC Approves in-kind Creation and Redemption for Crypto ETPs, Marking Regulatory Shift"},"content":{"rendered":"<p>This move represents a shift from earlier policies, which restricted such products to cash-only mechanisms for share issuance and redemption.<\/p>\n<p>The new policy, approved on July 29, 2025, brings crypto ETPs in line with other commodity-based ETPs, such as those tracking gold or oil. Under the in-kind model, authorized participants can exchange actual crypto assets\u2014rather than cash\u2014for ETP shares. This model can reduce operational friction, lower costs, and improve liquidity for both issuers and investors.<\/p>\n<p>SEC Chairman Paul S. Atkins <strong><a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2025-101-sec-permits-kind-creations-redemptions-crypto-etps\" rel=\"nofollow\">framed<\/a><\/strong> the decision as a step toward a more \u201cfit-for-purpose regulatory framework\u201d for crypto. \u201cInvestors will benefit from these approvals, as they will make these products less costly and more efficient,\u201d he said, calling the move part of a broader strategy to modernize oversight of the digital asset space.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-163306\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In addition to enabling in-kind settlements, the Commission approved multiple proposals to expand crypto investment tools, including:<\/p>\n<ul>\n<li>ETPs holding mixed spot Bitcoin and Ether<\/li>\n<li>Options and FLEX options on Bitcoin-based ETPs<\/li>\n<li>Increased position limits for options on BTC ETPs, up to 250,000 contracts<\/li>\n<\/ul>\n<p>Jamie Selway, Director of the Division of Trading and Markets, emphasized that the updates \u201cprovide flexibility and cost savings,\u201d promoting a more efficient and dynamic crypto market.<\/p>\n<p>This sweeping policy change suggests growing SEC acceptance of crypto market maturity and investor demand for broader, more flexible products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major development for the U.S. digital asset market, the Securities and Exchange Commission (SEC) has approved in-kind creation and redemption mechanisms for crypto asset exchange-traded products (ETPs), including those tied to Bitcoin and Ethereum.<\/p>\n","protected":false},"author":7,"featured_media":38196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[72,424,224],"coin_category":[],"class_list":["post-164438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-bitcoin","tag-crypto","tag-gold"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Approves in-kind Creation and Redemption for Crypto ETPs, Marking Regulatory Shift<\/title>\n<meta name=\"description\" content=\"In a major development for the U.S. digital asset market, the Securities and Exchange Commission (SEC) has approved in-kind...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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