Sensible Cannabis Co.
  • Home
  • About
  • Menu
  • Contact Us

Sensible Cannabis Co.

Quality Products, Sensible Prices

SEC Stymies Plans to Offer Bitcoin Funds Anytime

SEC Stymies Plans to Offer Bitcoin Funds Anytime

January 1, 2018 cannabuddy Comments 3 comments
[tm_heading tag=”h5″ custom_google_font=”” font_weight=”600″ text=”The Securities and Exchange Commission (SEC) yesterday put the kibosh on plans to offer exchange-traded funds (ETFs) or other products based on bitcoin or cryptocurrencies to retail investors anytime soon.” line_height=”1.4″][tm_spacer size=”lg:25″][tm_heading tag=”div” custom_google_font=”” text=”n a Staff Letter: Engaging on Fund Innovation and Cryptocurrency-related Holdings, Dalia Blass, the SEC ’s Director of the Division of Investment Management, posed 31 detailed questions over how funds would value, store, and safeguard fund holdings, as well as concerns over whether investors understood the risk of these investments, and the potential for market manipulation.”][tm_spacer size=”lg:63″]
[tm_image image=”875″][tm_spacer size=”sm:30″]
[tm_heading tag=”h5″ custom_google_font=”” font_weight=”600″ text=”Use psychological pricing methods.” line_height=”1.4″][tm_spacer size=”lg:23″][tm_heading tag=”div” custom_google_font=”” text=”The SEC has been skeptical over pressure to launch bitcoin funds to appeal to retail investors, as well as expressed concerns over initial coin offerings, determining that the latter should be treated as securities sales and thus conform with existing investor protection rules, according to the WSJ.”][tm_spacer size=”xs:30;lg:35″][tm_heading tag=”div” custom_google_font=”” text=”Last year, the SEC rejected two proposed ETFs that would directly own bitcoin, including one from Cameron and Tyler Winklevoss, arguing that the global market for the digital currency wasn’t transparent enough to support sufficient oversight.”]
[tm_spacer size=”xs:30;lg:52″][tm_heading tag=”div” custom_google_font=”” text=”Some fund companies hoped that the SEC might relent after two Chicago exchanges late last year launched futures contracts on bitcoin. Those contracts are regulated by the Commodity Futures Trading Commission, a smaller federal agency whose rules allow Wall Street to more easily market new products”][tm_spacer size=”xs:30;lg:68″]
[tm_heading tag=”h5″ custom_google_font=”” font_weight=”600″ text=”Demonstrate the differences” line_height=”1.4″][tm_spacer size=”lg:23″][tm_heading tag=”div” custom_google_font=”” text=”Mutual funds and ETFs must value their assets at the close of each business day to calculate a new asset value (NAV). The staff note that appropriate valuation is important, as it determines fund performance, what investors pay for mutual funds, what authorized participants pay for ETFs, and what they receive when they exit, among other issues.”][tm_spacer size=”sm:30;lg:68″][tm_heading tag=”h5″ custom_google_font=”” font_weight=”600″ text=”Offer a money-back guarantee” line_height=”1.4″][tm_spacer size=”lg:23″][tm_heading tag=”div” custom_google_font=”” text=”The thrust of the CNBC report is that the SEC’s concern is fixated on structure, rather than arises from a more bedrock concern about whether the agency wishes to make it easier for retail investors to enter a market that’s vulnerable to the fraud and manipulation Clayton has outlined.”][tm_spacer size=”sm:30;lg:68″][tm_heading tag=”h5″ custom_google_font=”” font_weight=”600″ text=”Test your offer and price, and be creative.” line_height=”1.4″][tm_spacer size=”lg:23″][tm_heading tag=”div” custom_google_font=”” text=”Just last week, the SEC confounded these expectations, by asking sponsors to withdraw proposals to offer ETFs based on bitcoin futures.”]
[tm_spacer size=”sm:40″][tm_image full_wide=”1″ image=”876″]

Research
Classic, Industry

Post navigation

NEXT
Stock Buybacks Hurt Workers and the Economy
PREVIOUS
Shareholder Proposals Target Climate Change Risk

3 thoughts on “SEC Stymies Plans to Offer Bitcoin Funds Anytime”

  1. Scott James says:
    January 11, 2018 at 2:51 am

    A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil.

    Reply
    1. Owen Christ says:
      January 11, 2018 at 2:53 am

      Working with @businext is like having a family member who can fix everything. They know what you need, exactly when you need it.

      Reply
  2. Edna Watson says:
    January 11, 2018 at 2:52 am

    A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in the exquisite sense of mere tranquil.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Categories

  • Business plans
  • Economics
  • Finance
  • Franchising
  • Funding trends
  • Hot Updates
  • Innovation
  • Research

About Us

Sensible is a clean modern cannabis shop for recreational and medical users 21 years of age and older. We pride ourselves on top qulaity customer service and your tailored cannabis expereience.

Tags

business Classic finance Industry

About Us

  • About Overview
  • Daily Specials
  • Leadership
  • About
  • Frequently Asked Questions
  • Awards & Accolades
  • Business Partnerships

Case Studies

[tm_case_study style="simple-list" gutter="30" row_gutter="30" number="3"]

Brochure

[tm_button style="modern" full_wide="1" button="url:%23|title:Company%20Presentation||" icon_align="left" icon_type="ion" icon_ion="ion-archive" color="custom" button_bg_color="" font_color="" button_border_color="" button_icon_color="" button_bg_color_hover="custom" font_color_hover="custom" button_border_color_hover="" button_icon_color_hover="custom" custom_button_bg_color_hover="#ffffff" custom_font_color_hover="#222222" custom_button_icon_color_hover="#222222" text_font_size="lg:18"][tm_spacer size="lg:20"][tm_button style="modern" full_wide="1" button="url:%23|title:Our%20Brochure%20Newest||" icon_align="left" icon_type="ion" icon_ion="ion-document-text" color="custom" button_bg_color="custom" font_color="custom" button_border_color="" button_icon_color="custom" button_bg_color_hover="custom" font_color_hover="custom" button_border_color_hover="" button_icon_color_hover="custom" custom_button_bg_color="#ffffff" custom_font_color="#222222" custom_button_icon_color="#222222" custom_button_bg_color_hover="#222222" custom_font_color_hover="#ffffff" custom_button_icon_color_hover="#ffffff" text_font_size="lg:18"]

Product Categories

  • Flowers
  • Paraphernalia

Top Rated Products

  • Placeholder Jesus OG Buds $6.00 – $168.00
  • Placeholder King Palms $1.99
  • Placeholder King Palm Filters $1.00

Product Tags

Sensible Cannabis Co.

3338 N. Pacific Hwy,
Medford OR

Hours

Mon-Sat 8:00am - 9:00pm
Sunday 10:00am - 7:00pm

Call Us

541-816-4210

© 2021   • Sensible Cannabis Co • All Rights Reserved.