The US Securities and Exchange Committee (SEC) responded to amend the actual registration of Solana (SOL) and ETHER (ETH) funds circulating on the stock exchange (ETF) from the Etf Rex Financial provider and the Osprey company, which raises concern that both investment compounds do not qualify as ETFS constructions due to Its unique structures.
According to a recent report from BloombergOrganizers say the C-CORP business structure used in funds, which is incredibly rare in the circulating investment funds, contradicts the 6C-11 base, known as the “ETF”. This regulation is legally assigned the types of corporate structures appropriate for the money traded on the stock exchange. SEC wrote on May 30 letter:
“We also contacted you on several occasions, the committee’s employees still have questions that have not been resolved about whether the money is, if organized and operated as proposed, you will be able to meet the definition of the” investment company “according to the investment company law.”
“Disclosure in the registration statement may be regarding the status of funds as investment companies is misleading.”
Despite the simple setback, analysts are optimistic that ETF and SEC exporters will reach an agreement. Eric Balunas wrote on May 31: “Rex’s lawyers say they can work.” mail. The analyst continued, “The officials enveloped strongly in an attempt to obtain the market first.”
Curd and merchant investors closely monitor ALTCOIN and the manufacture of investment funds circulating in the United States, where the list of these investment vehicles is expected to reach the new liquidity from traditional financial markets to encryption.
Related to: The SEC encryption industry urges the Stokeing position
SEC delay ETF decision despite the last guidance
Despite the new SEC version guidance These encoders do not violate the laws of securities and do not fall under the scope of securities transactions, and the Supreme Education Council continues to delay the decision on the investment funds circulating in Staked and Altcoin.
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According to the Bloomberg analyst ETF James Sevart, she was expected to expect the delay and not outside the base.
“Almost all these deposits have final due dates in October,” Sevart booksAdding that it is uncommon for ETF applications to be approved early.
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