Etf rule change proposal
To help create a consistent etf regulatory framework, the proposal recommends rescinding exemptive relief previously granted to etfs that would be able to rely on the rule. Altcoins feel the pinch.
Sec changes the game with etf rule proposal on the regs.
Another bitcoin exchange-traded fund (etf) proposal rule change, this time one presented by reality shares etf trusts, is being withdrawn, according to a note submitted to the united states securities and exchange commission (sec). Coinbase exchange supports ether.
It would also rescind all previously given exemptive relief to etfs that would otherwise be covered by the new rule (read sec considering major etf rule change). We encourage you to use comments to engage with users, share your perspective.
Conformed to federal register version.
As discussed above, etfs have features that distinguish them from both traditional open-end and closed-end funds. Board options exchange urges.
The long-awaited proposal also pitched the industry a couple of curve balls. Sec delayed making a decision on three btc exchange-traded fund (etf) proposals, bitwise asset management, vanecksolidx and wilshire phoenix, who are seeking to become the first such investment.
Sec postpones decision on three bitcoin etf rule change.
Almost a decade on from the initial attempt, the us securities and exchange commission (sec) has proposed a new rule that will make bringing an etf to market faster and less expensive. Also, the proposal requires a list of authorized people who can approve such custom basket orders.
Under proposed rule 6c-11, an etf, as defined in the rule, would be considered to issue a redeemable security within the meaning of section 2(a)(32) of the act. Sec postpones decision on three bitcoin etf rule change proposals.
The proposal also recommends rescinding exemptive relief permitting etfs to operate in a master-feeder structure, which very few etfs currently utilize. Integrates coinbase merchant services.