SEC to Review Bitcoin ETF Rejections

[perricita]

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

https://www.scribd.com/document/386920623/GraniteShares-Letter#from_embed?campaign=SkimbitLtd&ad_group=100652X1574425Xec1b009cc5fd17b0fa6899ef87e65594&keyword=660149026&source=hp_affiliate&medium=affiliate

Proshares letter:

https://www.scribd.com/document/386920621/ProShares-Letter#from_embed?campaign=SkimbitLtd&ad_group=100652X1574425X1bef7ac0cd32c31ab4a8990866b351b3&keyword=660149026&source=hp_affiliate&medium=affiliate

 

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