Two days after filing with the Commission on securities and stock exchanges of the USA (SEC) the applications for approval to launch ETFs with partial access bitcoin futures company Reality Shares ETF Trust withdrew it at the request of the Agency workers.
In comments to CoinDesk, a representative Reality Shares confirmed this information, adding that the SEC still considers unacceptable the registration of the Fund with access to the cryptocurrency in the act of 1940 on investment companies. He also added that, according to the law, the application would be automatically approved within 75 days.
We will remind, in January the Chicago Board options exchange (CBOE) has withdrawn a request, sent last summer to the SEC for rule changes that would allow it to launch a bitcoin ETF through an investment company VanEck and blockchain company SolidX – and then re-filed it. At the same time, the management company scriptactive Bitwise sought the regulator’s approval for the opening of the Bitwise Bitcoin ETF Trust with the placement of shares of a bitcoin ETF on the NYSE Arca and bound to the Bitwise Bitcoin index Total Return.