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   435

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I can confirm that we did withdraw it and it was withdrawn because the staff are still taking the position that it’s not appropriate to file a registered 40 Act fund with cryptocurrency exposure at this time.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

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   102

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.