Bloomberg analyst: US SEC is close to approving mutual fund ETF share classes.

On September 11, Bloomberg ETF analyst Eric Balchunas posted on social media that Katilyn Bottock, the assistant director of the investment management division of the SEC, stated that the SEC is "close to the finish line" in approving the ETF share classes for mutual funds. Currently, about 65-70 companies are planning to move forward with this, managing assets totaling trillions of dollars.

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