by: xpoolPosted on:

SEC Approaching Final Approval for Mutual Fund ETFs

The Securities and Exchange Commission (SEC) is expected to finalize approval for the launch of mutual fund ETFs soon, according to Bloomberg ETF analyst Eric Balchunas. Katilyn Bottock, Assistant Director of the SEC’s Investment Management Division, made this disclosure on social media. This move comes as approximately 65-70 companies are preparing to launch this initiative, representing an estimated combined asset management portfolio exceeding several trillion dollars.

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