Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange

Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange
фото показано с : news.bitcoin.com

2021-4-21 09:30

Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that the bourse was “not ready to approve cryptocurrency listings.”

However, according to a report which quotes the company’s CEO, David Hufton, Sygnia plans to re-apply for an ETF using the same design structure from 2017. In remarks, Hufton said:

A lot of work went into designing the actual structure of the ETF in 2017 which we can reuse. With cryptocurrencies becoming more mainstream, we are hopeful that the JSE will be more receptive to our application this time around.

The CEO also reveals that Sygnia intends to “reapply to the JSE any day now.”

Meanwhile, a recent report quotes the JSE director, Andre Visser, explaining that certain conditions need to be met first before such an application is deemed to have been successful. Further, the JSE reveals it would also need “to engage with other regulators, including the Financial Sector Conduct Authority, the South African Reserve Bank and international regulators.”

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

With this revelation, Sygnia becomes the latest South African firm to express interest in listing a crypto ETF. As previously reported by Bitcoin.com News, another South African firm, DCX Capital, has similarly announced its plan to list a cryptocurrency ETF on the JSE.

Do you think that the JSE will approve Sygnia’s second ETF application? Tell us what you think in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf list local another sygnia exchange stock

etf list → Результатов: 96


Bitwise “Committed” to Bitcoin ETF, Sends a Letter to SEC about Significant Retail Demand for BTC

in response to their decision to disapprove the proposed rule change to list and trade shares of the Bitwise Bitcoin ETF Trust under NYSE Arca Rule. Though the company is disappointed with the Staff’s decision, it is not giving up and aims to provide additional context to review Staff’s decision. “Bitwise is committed to creating […]

2019-12-23 19:50


SEC Comes At Bitwise’s Bitcoin ETF Proposal Guns Blazing; Denied Due To Market Manipulation Fears

US Securities and Exchange Commission (SEC) has rejected the last Bitcoin exchange-traded fund (ETF) of the year and crushed the hope for a BTC ETF in 2019. On Oct. 9, the SEC issued a 112-page order disapproving NYSE Arca’s proposed rule change to list and trade shares of the Bitwise Bitcoin ETF Trust. The “detailed […]

2019-10-10 16:00


VanEck-SolidX withdraws Bitcoin ETF proposal from SEC’s consideration

The VanEck-SolidX Bitcoin ETF proposal was withdrawn—again—from the SEC’s consideration prior to an October decision. Primer on VanEck-SolidX Bitcoin Shares VanEck-SolidX first submitted its proposal to list and trade shares of the “VanEck SolidX Bitcoin Trust” under commodity-based trust rules with the Securities Exchange Commission.

2019-9-18 03:50


New ETF Proposal Allocates 25% of Its Portfolio to Bitcoin Futures

A newly proposed exchange-traded fund plans to allocate 25% of its entire portfolio to bitcoin futures. Bitcoin ETF on NYSE Arca Realty Shares ETF Trust, a subsidiary of US-based asset manager Blockforce Capital, filed a registration form with the Securities and Exchange Commission on Monday to list its “Reality Shares Blockforce Global Currency Strategy ETF”.

2019-2-11 22:19


CBOE Resubmits Van Eck SolidX Bitcoin ETF After Week-Long Withdrawal

CBOE, on Jan. 31, has resubmitted their Van Eck SolidX Bitcoin ETF application, with a proposed rule change, to the SEC after withdrawing it on Jan. 22. SEC deputy secretary Eduardo Aleman confirmed over a week ago that the CBOE BZX Exchange had pulled its proposed rule change, which would have allowed it to list […] The post CBOE Resubmits Van Eck SolidX Bitcoin ETF After Week-Long Withdrawal appeared first on CryptoSlate.

2019-2-1 14:02


Breaking: SEC has postponed its decision on the VanEck/SolidX Bitcoin ETF to February 27, 2019

On December 6, the US Securities and ExchangeCommission (SEC) published the document, according to which the Commission postponed its decision on the VanEck/SolidX Bitcoin ETF to February 27, 2019. On June 20, 2018, Cboe BZX Exchange filed with the Securities and Exchange Commission a proposed rule change to list and trade shares of SolidX Bitcoin […]

2018-12-7 00:31


Why The Future of a Bitcoin (BTC) ETF is Uncertain with the Current BCH Hash War

Before the current market turmoil brought about by the ongoing Bitcoin Cash (BCH) Hash Wars, many crypto enthusiasts were anxiously waiting on the SEC to make a ruling on a few Bitcoin ETFs. 9 Bitcoin ETFs Under Review First on the list, were 9 Bitcoin (BTC) ETFs that are currently under review at the American […] The post Why The Future of a Bitcoin (BTC) ETF is Uncertain with the Current BCH Hash War appeared first on Ethereum World News.

2018-11-15 18:12