Express
US SEC Releases New Cryptocurrency ETF Guidelines
Summary: According to reports, the US Securities and Exchange Commission's Division of Corporation Finance outlined in a notice issued on July 1 the contents that must be included in the documents of cryptocurrency ETF issuers. The guidelines cover everything from how to calculate net asset value and select service providers to custody practices and descriptions of ...
According to reports, the US Securities and Exchange Commission's Division of Corporation Finance outlined in a notice issued on July 1 the contents that must be included in the documents of cryptocurrency ETF issuers. The guidelines cover everything from how to calculate net asset value and select service providers to custody practices and descriptions of potential conflicts of interest. The SEC stated that issuers must disclose information tailored to their specific structures, emphasizing reviews of asset selection, custody, conflicts of interest, and ETF creation/redemption mechanisms. On the same day, the SEC approved Grayscale's request to convert its Digital Large Cap Fund into a spot ETF.
