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SEC Approves Physical Redemption and Creation of Cryptocurrency ETP Shares

Summary: According to reports, cryptocurrency ETPs such as Bitcoin and Ethereum will now be able to use physical redemption and creation methods similar to other commodity ETPs. The SEC has also approved multiple exchange applications related to cryptocurrency assets, including mixed spot Bitcoin and Ethereum ETPs, related options, and increased Bitcoin ETP options position limits.

According to reports, cryptocurrency ETPs such as Bitcoin and Ethereum will now be able to use physical redemption and creation methods similar to other commodity ETPs. The SEC has also approved multiple exchange applications related to cryptocurrency assets, including mixed spot Bitcoin and Ethereum ETPs, related options, and increased Bitcoin ETP options position limits.

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