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2018-7-3 19:54 |
The Securities and Exchange Commission (SEC) is seeking comments on another bitcoin-based exchange-traded fund (ETF).
The proposal in question calls for the listing and trading of SolidX bitcoin shares, and stems from the VanEck SolidX Bitcoin Trust, which states it will invest in “bitcoin only.” VanEck and SolidX first joined forces in early June.
This will be the former’s third attempt to build a bitcoin investment project from the ground up.
The new laws would allow companies that sell ETFs to “launch plain vanilla versions” without requesting or obtaining approvals from respective SEC regulators.
However, issuers would still be required to obtain permission from the SEC to sell funds under the Investment Company Act of 1940.
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