Bloomberg Analyst: US SEC Nearing Approval for Mutual Fund ETF Share Class

BlockBeats News, September 11th, Bloomberg ETF analyst Eric Balchunas posted on social media that Kaitlyn Bottock, Assistant Director of the Investment Management division at the U.S. Securities and Exchange Commission (SEC), stated that the SEC is "nearing the finish line" in approving ETF share classes for mutual funds. Currently, approximately 65-70 companies are planning to move this forward, with total assets under management amounting to tens of trillions of dollars.