A Blockchain ETF by Any Other Name Smells Sweeter to the SEC
- Regulators want proposed funds to remove blockchain from names
- Reality Shares, Amplify listings on Jan. 17 may be in jeopardy
Bitcoin Beliefs: Jamie Dimon and Mike Novogratz
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You can call a blockchain ETF whatever you want -- just don’t call it “blockchain.”
Two exchange-traded funds that invest in companies involved in developing the digital technology that underpins cryptocurrency transactions are rushing to tweak their funds after the U.S. Securities and Exchange Commission encouraged them to remove the word “blockchain” from their names at the 11th hour, according to people familiar with the matter. The funds from Amplify Investments and Reality Shares Inc., which will hold tech companies such as Germany’s SAP SE and Japan’s Hitachi Ltd., were slated to start trading as soon as Wednesday.