Amplify ETFs and Reality Ervin have separately launched thematic exchange-traded funds focused on blockchains. However, they've been asked by the US Securities and Exchange Committee to remove the word "blockchain" from the name of the funds. Reality Ervin CEO Eric Shares said the request was made amid "anxieties" on Wall Street about the frenzy surrounding bitcoin and blockchain. He added the regulator had offered the chance to refile or change the name. Shares said blockchain-linked ETFs would pave the way for tokenised stocks on the blockchain.
Amplify ETFs and Reality Shares have separately launched thematic exchange-traded funds focused on blockchains. However, they've been asked by the US Securities and Exchange Committee to remove the word "blockchain" from the name of the funds. Reality Shares CEO Eric Ervin said the request was made amid "anxieties" on Wall Street about the frenzy surrounding bitcoin and blockchain. He added the regulator had offered the chance to refile or change the name. Ervin said blockchain-linked ETFs would pave the way for tokenised stocks on the blockchain.