SEC Opens the Door for Public Comments on Nine Bitcoin ETF Proposals

The US Securities and Exchange Commission (SEC) is inviting comments either in support of or opposition to nine previously rejected applications for the creation and listing of Bitcoin (BTC)-related exchange-traded funds (ETFs).

In August, the financial watchdog rejected the listing of nine crypto products proposed by ProShares, Direxion Asset Management, and GraniteShares and meant to be traded on the New York Stock Exchange (NYSE) and the Chicago Board of Options Exchange (CBOE). The SEC stated at the time that the futures market of Bitcoin is not of sufficient size to handle large demand from investors in the traditional finance market. Just a day after the ruling, the agency announced that it would revie…

This article appeared first on Cryptovest

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