New groups of funds circulating in the ETFS from RX and Osprey have scanned the 75 -day US Securities and Stock Exchange (SEC), and trading is expected to start by Friday, according to Bloomberg Intelligence analyst Eric Balunas.
Balunas told Cointelegraph in an interview via a phone, referring to the collection that includes the Rex-SPREY Bonk ETF, Trump Etf, Bitcoin ETF and Doge Etf.
CointeleGRAPH mentioned previously The first appearance was determined for the first time on Thursday, with timing through its structure under the 1940 Investment Company Law. Unlike the products deposited under the Securities Law of 1933 – which were used to approve the immediate Bitcoin (BTC(Investment Funds circulated last year – 1940 facing ACT money a simpler way to the market.
“This is an action 40, which is not completely investing in the place,” said Balunas. “As long as SEC don’t say anything, you can allow her to launch 75 days after serving.”
Only the Supreme Education Council did not raise an objection at the last minute, the money will be set on the list this week.
Most of the investment funds circulating in the United States are organized under the ’40th Law, as they operate as open investment companies that can keep securities such as futures -based funds. On the contrary, the investment funds traded at 33 ACT are used for physically -backed goods, including instant bitcoin and gold products.
Related to: Dogecoin ETF pushes the encryption industry to adopt speculation
SEC delay the decision of other investment funds
While the Rex-SPARY boxes remain on the right path to launch this week, SEC has been delayed by many prominent ETF requests from Franklin Timpelton, Blackrock and Fidelity.
In the notifications published on Wednesday, the Supreme Education Council said it needed additional time to assess the proposals that include allowing the wandering of the ether (Eth) Within funds. The agency also postponed the decisions on XRP requests (Xrp) And Solana (Teller) ETFS.
Earlier this week, SEC prompted its proposed ETF decisions from BitWise and Hedra ETF proposed by BitWise, which sets a new final date on November 12. Cointelegraph mentioned.
The delays come approximately a month after the SEC clarification is certain Liquid liquid activities are located outside the laws of securities Thus, beyond her supervision. In May, the agency also concluded that the creation groups, in itself, are of itself. Do not make securities.
Related to: How to share encryption legally in 2025 under the new SEC rules
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