BlackRock and the SEC’s new crypto task force to discuss ETF
This week, BlackRock and the US Securities and Exchange Commission (SEC) held a meeting to discuss changes to the workflows of crypto exchange-traded products (ETPs). The meeting took place on April 1 and involved the SEC’s new Crypto Task Force. The main focus was on the structure and mechanics of crypto exchange-traded funds (ETFs). BlackRock’s team explored the idea of in-kind redemptions. This model allows authorized participants to exchange ETF