The Commission on securities and exchange Commission (SEC) appealed to the public for additional comments regarding the nine exchange traded funds (ETFs) based on cryptocurrency applications to run are rejected, but are still being considered. This is stated in the document Department.
In August the SEC had rejected the application for a bitcoin ETF from companies ProShares, Direxion GraniteShares and decorated with the assistance of exchange operators NYSE Arca and Cboe. Causes of failure of the SEC was the weaknesses underlying those ETF bitcoin futures, and the risk of manipulation in the spot market of cryptocurrencies.
The next day after the failure of these nine companies the SEC announced the intention of the management to reconsider the decision.
Thursday, October 4, the SEC stated that it requires public comment on all nine applications. The deadline for making appeals appointed on 26 October.
“According to the decree, the previous denial remains in effect until the Commission revises its”, — stated in the document Department.
We will remind, the SEC also separately reviewing the application for a bitcoin ETF from the new York companies VanEck and SolidX. As in this case, the Agency appealed to the public for more information.
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