(Bloomberg) -- BlackRock Inc. and Precidian Investments pulled applications for a new type of exchange- traded fund that wouldn’t disclose holdings daily, after regulators said they planned to reject them.

Both firms had until Nov. 17 to request a hearing on their applications after the U.S. Securities and Exchange Commission said Oct. 22 that it probably won’t approve them. The SEC approved the withdrawal, according to letters dated today.

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