The Securities and Exchange Commission just leveled the playing field between crypto ETFs and other exchange-traded products. The regulator is allowing in-kind creations and redemptions, something that has been table stakes for most ETPs but hasn’t been permitted for spot Bitcoin, Ether and other crypto funds. The Securities and Exchange Commission approved requests Tuesday, allowing so-called authorized participants – key players in the primary ETF market – to create and redeem shares on an in-kind basis. Until now, such funds had creations and redemptions limited to cash exchanges. The big players in crypto ETFs, ... (full story)