SEC to review decision rejecting bitcoin ETFs

in #usa6 years ago

  • Following the SEC’s recent rejection of 9 ETF applications, as noted in yesterday’s Daily, the regulatory body has announced that it will review these decisions.

  • The SEC has rejected a total of nine application to list and trade various Bitcoin ETFs from three different applicants (ProShares, Direxion and GraniteShares), on the basis of perceived inadequate “resistance [framework] to price manipulation”, in an insufficiently sized Bitcoin derivatives market.

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Thank you for your support !

I do not think so this news turn the market into bullish. I think decision of 30 September 2018 of CBOE will be make impact.

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