The US 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 at the U.S. Securities and Exchange Commission (SEC), stated that the SEC is close to the finish line in approving ETF share classes for mutual funds. Currently, about 65-70 companies are planning to move forward with this matter, with total assets under management reaching several trillions of dollars.