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8
May

SEC Cracks Whip, Drops ‘Blockchain’ from ETFs for Misleading Investors

By CCN: Crypto winter or not, the U.S. Securities and Exchange Commission (SEC) is cracking down on products that could mislead investors eager to gain exposure to bitcoin – or at least the technology behind it.

The regulator has begun pressuring fund providers that offer so-called “blockchain ETFs” to remove the word “blockchain” from the fund names. Bloomberg reports that the SEC already asked at least two companies, Reality Shares and Amplify, to scrub the word “blockchain” from their blockchain-focused ETFs.(read the full article here…)

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