Canceling a bitcoin ETF scheme at the request of the US Exchange Commission

Canceling a bitcoin ETF scheme at the request of the US Exchange Commission
Abstract

According to a statement from the Securities and Exchange Commission (SEC) on February 12, 2019, the commission called for the cancellation of the offer by Reality Shares to listing a stock trading fund (ETF).

17 11 2019

According to a statement from the Securities and Exchange Commission (SEC) on February 12, 2019, the commission called for the cancellation of the offer by Reality Shares to listing a stock trading fund (ETF).

The document stipulates that the cancellation of this proposal "is in accordance with the request of the Securities and Exchange Commission of the United States. No securities have been sold in connection with the supply of this ETF. "

The Reality Shares Fund, part of a blockbuster-focused Cryptosecurity Technology Corporation, Blockforce Capital, first introduced February 11 to propose a stock trading fund to invest in a range of government debt instruments and future bitcoin deals. . Following a request from the Securities and Exchange Commission, the request was canceled by Reality Shares.



In the application, Reality Shares has stated that the ETF has been proposed to provide an opportunity to invest in global currencies, including Fiat and the world's most widely used currencies (for value storage, international transfer and currency trading External) are used.

The fund could, if approved, invest in cash-settled Bitcoin futures contracts through a subsidiary company registered in the Cayman Islands, which currently holds shares on the futures contracts of the Chicago Options Market (CFE) ) And the Chicago Commodity and Commodity Exchange (CME).

In early February, Kevin Telegraph reported that the American Investment Management Association AdvisorShares and the Sabretooth Advisors Investment Advocacy Coalition will jointly launch a stock trading fund that benefits technology companies, including those related to the China-based technology industry and Follow cloud computing. The purpose of the newly traded fund on the new stock exchange is that non-emerging technology organizations can be more profitable and their stock value grows within a reasonable timeframe.

At the end of January, the Chicago Options Market, together with the VanEck Investment Company and the SolidX Financial Services Corporation, again asked the US Securities and Exchange Commission to review the listing of a stock trading fund for Bitcoin. The two companies had first nominated a listing trading fund for Bitcoin for the first time on June 6, 2018, but since then, the process of accepting these requests due to the uncertainty of the decision of the US Securities and Exchange Commission Postponed.
Source:cointelegraph

 

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