SEC Calls ETF Filings Insufficient, Binance Loses Euro Companion, and Different Information: Hodler’s Digest, June 25 – July 1

There could also be an extended look ahead to a money exchange-traded fund (ETF) in the US, because the Securities and Trade Fee funding managers labeled inadequate latest functions. The SEC advised Nasdaq and the Chicago Board Choices Trade that their filings weren’t clear and full sufficient. The regulator returned the paperwork, citing lack of understanding concerning the proposed surveillance sharing settlement. Asset managers can all the time resubmit their requests.

ARK Funding Administration is reportedly forward of BlackRock (NYSE:) within the working for a Bitcoin spot ETF, because it nonetheless has a earlier utility pending with the US securities regulator. ARK and 21Shares filed their third utility for a spot BTC ETF in April and amended it this week embody a surveillance sharing settlement, which makes it just like BlackRock’s repository. Since BlackRock’s utility on June 16, different funding corporations resembling Valkyrie, WisdomTree, and Invesco have once more utilized for spot Bitcoin ETFs.

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