The SEC is nearing the finish line in approving ETF share classes for mutual funds

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that Katilyn Bottock, Assistant Director of the Investment Management Division of the SEC, stated that the SEC is nearing the finish line in approving ETF share classes for mutual funds. Currently, about 65-70 companies plan to move forward with this, managing a total of assets amounting to trillions of dollars.