[modeless]

We don't have to speculate. The SEC has stated their reasons. They are concerned mainly about market manipulation, not custodianship.

[thedudeabides5]

Sorry what are the reasons?

[hatesinterviews]

I think you’re overlooking the part of their statements where they have repeatedly emphasized investor protections.

Some of the different ETFs are filed under different legislations, and the SEC claim that the Investment Company Act of 1940 provided better investor protections than the Securities Act of 1933, but I’m unclear of what particular stipulations make that so.