According to Eric Balchunas, SEC Chairman Paul S. Atkins announced that the SEC has approved orders permitting in-kind creations and redemptions for a range of crypto asset exchange-traded products (ETPs). This regulatory change is expected to enhance the efficiency and liquidity of these products, making them less costly and more attractive to institutional and retail investors. The approval is likely to drive increased trading volumes and reduced spreads for major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), strengthening the integration of crypto assets within traditional financial markets. Source: Eric Balchunas