SEC comments on Blockchain ETF

The US Securities and Exchange Commission (SEC) approved plans for public comment which would allow investment companies to bring new ETFs to the market which invest in blockchain companies. The proposed changes indicate that ETFs launches do not need to seek special permission from the SEC if the ETF is considered a plain vanilla ETF. An exotic ETF would come under greater scrutiny if the ETF operates with leverage. Speculation has arisen that blockchain based ETFs, those which the constituents are public equities involved in the blockchain space, would be considered a plain vanilla ETF and would not face deep scrutiny when proposed. In contrast, proposed ETFs that invest in cryptocurrencies would most likely be challenged by the SEC

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