According to Foresight News, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce announced that SEC staff released a guideline last week to assist in preparing disclosures for crypto asset Exchange-Traded Products (ETPs). The guideline outlines the necessary content that crypto ETF issuers must include in their documentation. It covers detailed descriptions ranging from how to calculate net asset value and select service providers to custody practices and potential conflicts of interest.
The SEC emphasized that issuers must tailor their disclosures according to their specific structure, highlighting the importance of reviewing asset selection, custody, conflicts of interest, and the ETF creation/redemption mechanism.