United States Securities and Exchange Commission (SEC), ETF provider Rex Financial and Asset Management firm from Opray Funds to Solana (Sol) and Ether (ETH) stacked exchange-traded funds responded to effective registration amendment, raising ETFS due to ETFS due to its unique structures that both investing vehicles increase their unique structures. Do not qualify in form.
According to a recent report of BloombergRegulators say that the C-Cor business structure used in the fund, which is incredibly rare for ETFs, conflict with the 6C-11 rule, is known as the “ETF rule” in colloquial language. This regulation legally designated the types of corporate structures suitable for exchange-traded funds. SEC wrote on 30 May Letter,
“As we have communicated to you on many occasions, the employees of the Commission have unresolved questions about what money, if proposed and operated as proposed, will be able to fulfill the definition of ‘investment company’ under the Investment Company Act.”
The letter continued, “Revealed in the registration details about the status of the fund, may be potentially misleading as investment companies.”
Despite the slight shock, analysts are optimistic that the ETF issuer and SEC will arrive at an agreement. “Rex lawyers say they can work,” wrote on 31 May by Bloomberg ETF analyst Eric Balchunas PostThe analyst said, “The issuers are pushing the envelope vigorously in an attempt to enter the market first.”
Crypto investors and traders continued closely monitoring the approval of Altcoin and Steaking ETF in the United States, as the list of these investment vehicles expect traditional financial markets to bring fresh liquidity to the crypto.
Connected: Crypto industry urges SEC to clarify stacking stance
SEC delays ETF’s decision despite recent guidance
Recently released despite SEC Guidance This crypto stacking does not violate securities laws and does not fall under the purview of securities transactions, delays the decision on SEC stacked and altcoin ETF.
https://www.youtube.com/watch?v=2sonoeg6WC8
According to Bloomberg ETF analyst James Safart, delay was expected and they are not out of the ideal.
“All these filing have final fixed dates in October,” SEFERT wroteSaying that it is uncommon to approve so quickly for ETF applications.
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