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Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request


An ETF proposal filed by Reality Shares ETF Trust earlier this month has been withdrawn at the request of the Staff of the U.S. Securities and Exchange Commission.

The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12.

In the document, the SEC specifies that the withdrawal was “at the request of the Staff of the U.S. Securities and Exchange Commission. No securities have been sold in connection with the offering of the Fund.”

Reality Shares ETF Trust — which is a unit of crypto-focused fintech firm Blockforce Capital — initially filed a proposal for an ETF, that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures, on Feb. 11. Subsequent to the SEC request, the ETF filing was…



Read Full Story : Cointelegraph.com News

2019-02-13 21:40:00

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