The SEC has accepted Trump’s media application for Bitcoin and Ethereum exchange funds, launching the agency’s clock to approve or reject the proposed fund.
ETFs recommend providing investors with risks to Bitcoin (BTC) and ether (ethereth) through the stocks listed on NYSE ARCA backed by cryptocurrency assets, allocated to 75%, 25% of Bitcoin to Ether, Ether, according to Submit the document.
Foris Dax Trust Company, which operates as Crypto.com, will act as a custodian. Asset Management Company Yorkville U.S. Digital will serve as sponsor of the fund.
This file is flooding in other encrypted ETF applications, and SEC It is reported that simplified inventory structure is being explored For encrypted ETFs, a large part of the approval process can be automated.
Truth Society Crypto ETF Tracks Bitcoin and Ethereum
Truth Society suggests that the net asset value of its ETF will be evaluated based on the Bitcoin portion of the CME CF Bitcoin reference rate, i.e. calculate By summarizing trade data from multiple major crypto exchanges.
Ether in the Fund will use the Ether CME CF reference rate to assess its value “unless otherwise at the sole discretion of the promoter.”
According to the document, the crypto custodian will also keep the custody of the fund’s Bitcoin and Ether in separate accounts with its other customer base and save the private key in refrigeration.
Truth social first Submitted form S-1 to the SEC For the June 16 dual encrypted ETF.
Fida Solana etf delays again
At the same time, SEC has Delay Decide on Fidelity’s proposed site Solana (sol) ETF, open a new window of public comments and request a reply within 21 days and refute within 35 days.
CBOE BZX Exchange, US Stock Exchange, First request the listed permissions The proposed fidelity ETF holds Solana in a March 25 filing.
In Monday’s X post, Bloomberg ETF analyst James Seyffart explain This is “as expected delay”.
He added: “We are still waiting for some kind of movement from the SEC, from the broad digital asset ETP framework.”
Positive signs of SEC mobile on encrypted ETP
Seyffart explain In another X post on Monday, the SEC reported that the Sol Spot ETF issuer requested that the issuer of the Sol Spot ETF be modified and supplemented by the end of the month Crypto exchange-traded products.
He added: “Remember that this will be more amendments than approvals, as I’ve seen, this will be a hint for some people.
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