币界网报道：According to the news from Bijie.com, on July 2 (UTC+8), the U.S. Securities and Exchange Commission (SEC) Corporation Finance Division (Corp Fin) issued a new disclosure guidance document for crypto asset exchange-traded products (ETPs), clarifying the many details that issuers need to disclose in registration materials. This includes how to calculate net asset value (NAV), select price benchmarks, custody and security measures, service provider agreements, governance structures, and how to manage potential conflicts of interest. The SEC pointed out that this move is to provide greater clarity for the issuance and registration of crypto asset ETPs under the federal securities law framework and emphasize the applicability of anti-fraud provisions. Although the document points out that these ETPs are not recognized as registered investment companies under the Investment Company Act of 1940, they are still subject to strict compliance with the registration and disclosure provisions of the Securities Act of 1933 and the Exchange Act of 1934. The SEC's move is intended to lay the foundation for the introduction of a more systematic and continuous regulatory process for crypto products. The move is also seen as U.S. regulators gradually clearing compliance barriers for approving more ETFs and ETPs based on spot crypto assets, while strengthening investor protection and market transparency.