SEC Just Approved In-Kind Redemption for Blue-Chip ETPs, Hypes $SUBBD

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SEC Just Approved In-Kind Redemption for Blue-Chip ETPs, Hypes $SUBBD

The SEC approved in-kind redemption in ETPs, marking an important step towards greater acceptance of tokens and cryptocurrencies such as SUBBD Token.

The US Securities and Exchange Commission (SEC) will now permit large institutional investors to create and redeem exchange-traded product (ETP) shares in Bitcoin ($BTC) and Ether ($ETH) instead of cash.

The move is the first significant policy initiative of SEC Chairman Paul Atkins since taking office in April.

This also reflects a growing preference for using digital tokens for various transactions across different ecosystems, such as SUBBD Token ($SUBBD).

In-Kind Creation and Redemption for Crypto ETPs a Boon to Investors

In a statement released on its website, the SEC announced that it is approving the creation and redemption of $BTC and $ETH for crypto ETPs. This marks a shift from its previous policy that only allowed payments in cash.

By allowing in-kind creations and redemptions, SEC Chairman Atkins said that it will make ‘these products less costly and more efficient.’

Although currently limited to Bitcoin and Ether ETPs, this marks a significant step as the US government works to foster a more crypto-friendly environment for investors.

This will also help boost acceptance of tokens and other digital currencies for select transactions, not only in niche markets but also among traditional banks.

For example, JP Morgan has already launched its JPMD token, which institutional clients can use to pay for and redeem digital assets, on-chain collateral, and conduct cross-border payments.

SUBBD Token: The Shape of Things to Come

The use of digital tokens and currencies isnt new, but their increasing popularity is definitely positive as the crypto market keeps evolving.

One of the projects that greatly leverages digital tokens is SUBBD, an AI agent creator platform where both creators and fans can improve their experiences using its native SUBBD Token ($SUBBD).

As a fan, you can buy $SUBBD and use it to support your favorite creators, unlock bonuses, access exclusive content, and participate in livestreams and fan experiences. Of course, you can also use it to purchase content or additional perks within the platform.

But the tokens utility extends beyond those features. Owning $SUBBD also grants you governance rights, allowing you to vote on platform updates and the inclusion of new creators.

You can also stake your tokens in SUBBD‘s staking pool if you prefer. This allows you to unlock XP boosts, access premium drops, and earn passive rewards. The staking reward is fixed at 20% per year, so it won’t decrease even if more investors lock their tokens.

To get $SUBBD, visit the SUBBD Token presale website, connect your crypto wallet like Best Wallet, enter how many tokens you want to buy, and pay with fiat or crypto.

Each token is currently priced very reasonably at $0.05605. However, a new price increase will occur in two days, so be sure to buy $SUBBD before it gets more expensive.

Once the presale ends, youll be able to claim the tokens you purchased through the presale widget or Best Wallet.

For more information about the project, be sure to read the SUBBD whitepaper.

In-Kind Redemption is Only the Beginning

With the SEC finally allowing the creation and redemption of $BTC and $ETH in ETPs, we can see the future of the crypto landscape more clearly, at least in the US.

But as the country positions itself to become a leader in digital assets, its safe to say that other countries will follow suit sooner or later.

Its definitely an exciting time in the market today, helping to give projects like SUBBD Token ($SUBBD) a much-needed boost.