The SEC has again postponed a decision on the ETF. For how long?

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2018-10-06 01:00:07

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The SEC has again postponed a decision on the ETF. For how long? Source:

The Commission's Decision securities and exchange Commission (SEC) on the adoption of ETFs is one of the most anticipated events in the market and a very important factor for its growth. However, the U.S. regulator in a hurry. The Agency has again postponed consideration of a joint application from Cboe ETF BZX Exchange, Inc. and GraniteShares. This time on October 26.

ETF from GraniteShares — open-end Fund, focused on . It offers investors to invest directly into the first cryptocurrency, and Bitcoin futures. We are talking about contracts that are currently traded on the CBOE and CME exchanges.

the

When will the SEC ETF

The company noted that this decision is connected with the desire to protect investors against manipulation of the rate of the first cryptocurrency, a wide range of risk assessment, the availability of affordable and safe storage of coins and high liquidity contracts.

The Company sent for consideration to two types of ETF — GraniteShares Long Bitcoin ETF and Bitcoin GraniteShares Short ETF for short and long positions, respectively. In GraniteShares note that such division will allow to avoid excessive influence of market volatility on mutual funds. Also it will reduce the risks of investors from the impact of negative news writes .

Shortly before the present decision of the SEC of the company made in its application a number of amendments. In particular, it supersedes the changes proposed in January 2018, as well as reveal more details on the functioning of the ETF from GraniteShares.

The Exchange offers listing and trading in the shares on a long and short position in accordance with rule 14.11 (f)(4). The Issuer will deliver to the trust, the creation of which was approved by the government of the state of Delaware November 7, 2016. However, we do not plan to register a trust as an investment company in accordance with the Law on Investment Companies of 1940, such registration is not required.

Let's hope that October 26, the SEC will make a positive decision regarding ETF from GraniteShares. If this happens, the approval will be able to count and other products. Among them will be mutual funds from the brothers and the Winklevoss ETF platform Baktt created by Microsoft and Starbucks.

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