SEC loosens restrictions! Cryptocurrency ETF "physical redemption and subscription" opens the gate to mainstream, taking a crucial step.

Financial news app Zhitong Finance learned that the US regulatory agency has approved a key process that will make cryptocurrency exchange-traded products (ETPs) more consistent with traditional counterparts. This once again shows that digital assets are gaining more mainstream recognition. On Tuesday, the US Securities and Exchange Commission (SEC) authorized cryptocurrency ETPs to adopt a "physical redemption" mechanism - a significant shift from the previous requirement of a "cash only" model.