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I'd say the risk of a fork of the thing that you're supposedly tracking, such that you might not even know what you are tracking anymore, is a serious risk that
by Frogolocalypse 10y ago
I'd say the risk of a fork of the thing that you're supposedly tracking, such that you might not even know what you are tracking anymore, is a serious risk that the SEC would consider to be a problem.
Don't get me wrong, I'd love for it to be approved. But for that reason, I don't think it will be.
- kobeya 10y agoThat is something they would consider.
- deleted 10y ago[deleted]
- tlrobinson 10y agoA fork could definitely cause some temporary confusion, but wouldn't an ETF just be tracking the sum of the value of the forks? At some point they'd need to pick a side, but in the meantime they could just buy/sell equal amounts of the forked currencies. Once they do pick a side they could either sell the other side of the fork, or allow withdrawals (like Coinbase, etc did with ETC). As long as the rules are laid out ahead of time I'm not sure why the SEC would object.