Reality Shares to Withdraw ETF Tied to BTC ETF

As reported, the decision was made just a few days after the application was filed with the US SEC after the agency employees contacted the company
14 February 2019   164

Reality Shares confirmed the withdrawal of its bid to change the rules of the NYSE Arca exchange, which, if approved, would allow it to launch an exchange-traded fund (ETF) with partial access to bitcoin futures. It is reported by CoinDesk.

The decision was made just a few days after the application was filed with the US Securities and Exchange Commission (SEC) after the agency employees contacted the company, recommending that they withdraw the application.

It was assumed that the Global Currency Strategy ETF would provide access to "fiat and widely circulated virtual currencies."

I can confirm that we did withdraw it and it was withdrawn because the staff are still taking the position that it’s not appropriate to file a registered 40 Act fund with cryptocurrency exposure at this time.

Reality Shares Lawyer

He also noted that the aforementioned law on investment companies would allow automatic approval after 75 days, and it was this fact that made the SEC contact the company.

In January, Reality Shares created an ETF tied to the blockchain market and traded on the Nasdaq exchange.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   86

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.