Wu said that the US Securities and Exchange Commission (SEC) has approved the use of physical subscription and redemption mechanisms for exchange traded products (ETPs) of encrypted assets. Jamie Selway, Director of the Trading and Markets Division at the SEC, stated that this mechanism will bring higher efficiency and cost advantages to issuers, authorized participants, and investors. On the same day, the SEC also approved multiple rule revisions related to cryptocurrency ETP, including raising the holding limit for some Bitcoin ETP options to 250000. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=46401