The US Securities and Exchange Commission (SEC) responds to the effective revision of ETF provider REX printing and asset management firms, Solana (SOL) and ETHETH (ETH) ETF (ETHER) and ETETH (ETH). ETF raised concerns that they are not qualified.
According to a recent report from Bloomberg, the regulatory authorities say that the C-Corp business structure used in funds is very rare for ETFs, conflicting with the 6C-11 rules known as “ETF rules.” This regulation legally designates the type of corporate structure suitable for exchange transaction funds. SEC wrote a letter on May 30.
“When we communicate with you many times, the committee staff will continue to ask if the funds are structured and operated as proposed, and the funds will be able to meet the definition of the ‘investment company’ under the Investment Company Act.”
“The public statement on the status of funds as an investment company may potentially be misunderstood,” the letter continued.
Despite the minor frustration, analysts are optimistic that the ETF issue and the SEC will reach the contract. Analyst ERIC BALCHUNAS, an analyst at Bloomberg ETF, said in May 31 X POST, “Rex lawyers can solve it. The analyst said,” The publisher is pushing the envelope hard to launch first. “
Encryption investors and traders continue to monitor the approval of Altcoin and Stacking ETFs in the United States. The list of these means of investment is expected to bring new liquidity to crypto in traditional financial markets.
relevant: The encryption industry urges the SEC to clarify the standing position.
The SEC delays the staking ETF decision despite the recent guidelines.
In spite of the recent guidelines that the SEC does not violate the securities law and does not belong to the securities transaction, the SEC continues to delay the decision of the steak and Altcoin ETF.
https://www.youtube.com/watch?v=2sonoeg6wc8
According to Bloomberg ETF analyst James Seyffart, delay is expected and not standard.
Seyffart said, “This submission has the final deadline in October.
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