# Bitcoin ETF rejected by one SEC commissioner publicly

in #bitcoin • 6 years ago

Hi steemians

Bitcoin ETF rejected by one SEC commissioner publicly.

etf.jpg

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For the second time, the same major trust applying for bitcoin ETF approval was rejected by the United States Securities and Exchange Commission (SEC). SEC Release No. 34-83723, File No. SR-BatsBZX-2016-30 formally denied the Winklevoss Bitcoin Trust ability to list and trade shares. The decision comes amidst high levels of optimism toward bitcoin ETF approval as soon as next month. At least one SEC official does not agree with her colleagues’ decision.

The SEC published its decision to deny a major bitcoin trust the ability to list and trade shares as an ETF. In a 92 page explanation, the US’s primary regulator of such markets rejected a rule change at the behest of Bats BZX Exchange. The proposed change would have allowed bitcoin tethered investment products.

"Not Everyone at the SEC in Agreement on Latest Bitcoin ETF Rejection"

Source:https://news.bitcoin.com/major-bitcoin-etf-rejected-by-sec-one-commissioner-disagrees-publicly/

Thank you.

#bitcoinetf #blockchain #cryptocurrency #etf
6 years ago in #bitcoin by
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