SEC Greenlights In-of-of-of-nlight Creations：比特幣ETP的遊戲規則改變者？

SEC致力於比特幣ETP的實物創作可能會徹底改變市場效率和機構採用。這是這種監管轉變的低點。

SEC Greenlights In-Kind Creations: A Game Changer for Bitcoin ETPs?

SEC Greenlights In-of-of-of-nlight Creations：比特幣ETP的遊戲規則改變者？

The SEC's recent approval of in-kind creations and redemptions for Bitcoin and Ethereum ETPs marks a pivotal moment. This shift promises to streamline market efficiency and boost institutional interest. Let's dive into what this means for the future of crypto investment, New York style.

SEC最近對比特幣和以太坊ETP的實物創造和贖回的認可標誌著關鍵時刻。這種轉變有望簡化市場效率並提高機構利益。讓我們深入了解這對加密投資，紐約風格的未來意味著什麼。

What's the Big Deal with In-Kind Creations?

實物創作有什麼大不了的？

For those not fluent in Wall Street jargon, in-kind creation allows authorized participants to exchange actual Bitcoin or Ether for ETP shares, rather than cash. Think of it as swapping your sneakers directly for a new phone, instead of selling the sneakers, getting cash, and then buying the phone. This cuts out a step, reducing costs and potential arbitrage risks for market makers. Bloomberg Intelligence ETF analyst James Seyffart calls it a

對於那些不流利的華爾街術語中的人，實物創造使授權參與者可以將實際的比特幣或以太幣交換為ETP股票，而不是現金。可以將其視為將運動鞋直接換成新手機，而不是出售運動鞋，獲得現金然後購買手機。這減少了一步，降低了做市商的成本和潛在的套利風險。彭博情報ETF分析師James Seyffart稱其為