logo-loader
viewArca Funds

Arca Funds 'cautiously optimistic' SEC will soon approve its stablecoin

Arca Funds CEO Rayne Steinberg and portfolio manager Jeff Dorman tell Proactive Investors the cryptocurrency fund plans to launch its Arca stablecoin using the fund structure of the Investment Company Act of 1940 and represent it on the blockchain.

Steinberg, who previously co-founded ETF sponsor and index developer WisdomTree Investments (NASDAQ:WETF), says the company is "cautiously optimistic" the SEC's approval process for its stablecoin Arca won't take long.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: PharmaCielo looking to 2020 as a transformative year for the...

PharmaCielo (CVE: PCLO) Chief Corporate Officer David Gordon joined Steve Darling from Proactive in Toronto to talk about the cannabis company whose operations are in Colombia. Gordon talked about the facilities they have and the advantages the climate in Colombia has for...

16 hours, 13 minutes ago

2 min read