Based on Dogecoin (DOGE)’s advances in the US regulatory environment, proposals and initiatives for approval of funds cited in the Stock Market (ETF) have taken a significant step.
Investment company 21Shares was included in the Dository Trust & Clearing Corporation (DTCC) under the TDOG symbol. This step prepares the manager to operate with approval from the U.S. Stock Exchange and the Securities Commission (SEC).
la dtcc It is an entity that promotes compensation, liquidation and custody of US financial value.. However, as explained by Cryptonoticia, registration on this platform does not imply automatic SEC authentication.
This list is a preparatory procedure to enable emitters to accelerate the launch of ETFs after regulatory approval.
The regulatory process means thorough scrutiny to assess investor protection, market stability and transparency of underlying assets. So, while the list of DTCC is an important advance, Doge’s ETF (there are also suggestions for grayscale and bitwise) We face uncertainty until the SC issues a final decisionThe deadline is October 17th.
A sign that 21 share ETFs can be approved is that US CBOE bags launched Doge ETFs last week, managed by Rex Shares and Osprey Funds. This product, which is exposed to Doge’s price, does not amount to an ETF spot. The main difference is that it is regulated under the 1940 Investment Companies Act, as well as its mutual background, rather than the securities of 1933.
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