The long pressing issue of the (Exchange Traded Fund) approval by the (Securities Exchange Commission) the US continues to torment the traders and enthusiasts. is the regulator of the largest market in the world. Moreover, this will not be the first time that an unregulated commodity or fund has received ’s approval. However, it would pave the way for the influx of vast amounts of daily volume on the .
Two proposals: and Bitwise Asset Management with NYSE Arca are currently under review with the . The deadline for initial denial or approval has been set 45 days from the submission on 5th April.
According to reports, the will be jointly regulated by the (Commodity Futures Commission) and the (Securities Exchange Commission) of the US.
Japanese ETF On the Way While Korea Waits?
The Japanese Financial Services Authorities have reportedly been gathering data and opinions regarding a . An is used to hedge the currency or asset to protect one’s business interest. Since has legalized and other as a mode of payment, a would seem only logical.
The US has the world’s largest economy with a considerable influence across the globe. The Gold ETFs traded at VanEck are currently capped at around $10 billion. Hence, with the approval of the nine pending approvals, a massive influx of capital is expected after the .
The Korean Herald reported recently that the approval timing and nature is highly dependent on the US ’s decision. The decision from the Korean Financial regulators does surprise some people. However, the US is the largest economy in the world which has led the markets as well. Hence, of the negative stance of remains unchanged, it could have detrimental effects on the market.
“The US has been the front-runner on the market and related derivatives, and there are strong voices supporting the launch of ETFs within the market — which is why we are observing the progress and response of the US Securities and Exchange Commission’s decision on ETFs,” an official at the nation’s main bourse operator Korea Exchange told The Korea Herald on condition of anonymity Wednesday.
Published at Mon, 25 Feb 2019 16:47:37 +0000
