Summary
- The launch of a prediction-market exchange-traded fund (ETF) was delayed at the request of the US Securities and Exchange Commission.
- The SEC requested additional information on the prediction-market ETF’s structure and disclosure approach.
- Market participants expect the delay to be temporary, with the launch process resuming once the review is completed.
Forecast Trend Report by Period
The launch of a prediction-market exchange-traded fund has been delayed after the US Securities and Exchange Commission asked for further review of the product’s structure and disclosures.
Bloomberg ETF analyst Eric Balchunas wrote on X on May 4 that the launch had been delayed at the SEC’s request. The product had originally been scheduled to debut this week.
Citing a Reuters report, he said the SEC had requested additional information on the fund’s structure and disclosure approach.
The delay could prove temporary. Market participants expect the launch process to resume once the review is completed.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
