US SEC Commissioner: SEC released crypto asset ETP disclosure guidelines last week

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that last week, the SEC staff issued guidance to assist in preparing disclosures for crypto asset ETPs. The guidance outlines what crypto ETF issuers must include in their filings. It covers detailed descriptions ranging from how to calculate net asset value and how to select service providers to custody practices and potential conflicts of interest. The SEC stated that issuers must make targeted disclosures based on their specific structure, emphasizing the review of asset selection, custody, conflicts of interest, and ETF creation/redemption mechanisms. [Foresight News]