SEC to Review Bitcoin ETF Rejections
There is still hope
The SEC has stated in letters to the 3 companies that applied for a Bitcoin ETF (Proshares, GraniteShares and Direxion) that they will review the rejections of the Bitcoin ETF.
This was announced via a tweet by the SEC commissioner Hester Pierce
Hester Peirce (@HesterPeirce) August 23, 2018
Yesterday's staff orders disapproving SRO rules related to a number of bitcoin ETFs are stayed pending Commission review. See, for example: https://t.co/Ky9Z8t1E4q
Links to the letters from the SEC can be found below:
Drexion letter
https://www.scribd.com/document/386920622/Direxion-Letter#download
GraniteShares letter
Proshares letter:
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