EddieJayonCrypto
22 Dec 23
In preparation for the upcoming deadline on January 10, 2024, the US Securities and Exchange Commission (SEC) is reportedly holding joint conference calls with ETF filers, leading analysts to speculate that some issuers' filings may be approved. The SEC has directed ETF seekers to operate on a cash ...
In preparation for the upcoming January 10, 2024 deadline, the US Securities and Exchange Commission (SEC) is reportedly holding joint conference calls with ETF filers, leading analysts to speculate that some issuers' filings may be approved. The SEC has directed ETF seekers to operate on a cash creates redemption model, and seven ETF filers have already converted to the cash-only model. Bloomberg analyst James Seyffart believes some issuers may be left behind by the deadline, whereas others may receive SEC approval.
The US SEC had directed ETF seekers to ensure they would operate on a cash creates redemption model, and seven companies have already converted to the cash-only model. Bloomberg analyst James Seyffart feels some issuers may be left behind by the January 10, 2024 deadline, whereas others would get the nod of SEC’s approval. Blackrock has amended its form S-1 confirming the adoption of a cash redemption model, leaving the in-kind model unconfirmed. Fox Business senior correspondent Charles Gasparino has shared an update that the SEC is on the path to give ETF approvals by January 10, 2024, with some ETF seekers queuing up to discuss their filings.
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