Digital assets officially joined the registered funds arena with the launch of the first Bitcoin (BTC) futures mutual fund in July 2021, and the launch of BTC futures ETFs shortly thereafter in October of the same year. This article is intended to reflect on where we’ve been and what could...
Read MoreAfter recently attending the 2022 ICI Conference in Palm Desert, we walked away with a definite sense of priorities for the industry. From rule making and implementation to cybersecurity and climate, it’s clear our evolving industry has much to sort through, and look forward to, in the near...
Read MoreWhen deciding to enter the mutual fund or exchange-traded fund (ETF) space, one of the first critical decisions you’ll have to make is whether or not to establish your own trust or use an existing one. This significant decision should be carefully thought through, as it will affect many...
Read MoreIn its latest risk alert released on February 26, 2021, the Division of Examinations (formerly known as the Office of Compliance Inspections and Examinations) offers its observations regarding digital asset securities after examining investment advisers, broker-dealers and transfer agents.One of...
Read MoreAs registered funds show increased interest in the digital asset market — whether they are looking to create a new ETF product or simply to gain more exposure to this asset class — a foundational understanding of this evolving space will be critical before moving forward with any type...
Read MoreThis blog was updated 2/17/21 Last week, the Securities and Exchange Commission (SEC) continued its modernization plan, significantly altering the framework for derivatives used by registered investment companies (including mutual funds, ETFs, closed-end funds and business development companies)...
Read MoreTo address the myriad of regulations over the investment industry, the U.S. Securities and Exchange Commission (SEC) provides a variety of guidance and reference materials to industry stakeholders. As a part of that effort, since November 1994, the Chief Accountant’s Office within the SEC...
Read MoreThe SEC announced today it has adopted the long awaited Rule 6c-11, which will eliminate the need for certain exchange traded funds (ETFs) to obtain the lengthy and expensive exemptive relief that, until now, has been necessary to operate under U.S. securities laws. This game changing move...
Read MoreActively managed exchange traded funds (ETFs) have historically been required to provide portfolio transparency on a daily basis — showing all of their cards, so to speak, and leaving their investment strategies vulnerable for the taking. While many ETFs have filed exemptive relief with the...
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