SEC to Review Latest Decision to Reject Nine Bitcoin ETF ApplicationsThe U.S. Securities and Exchange Commission said on Thursday, August 23, it will review a decision by its staff to block nine Bitcoin-based exchange-traded funds (ETFs) from coming to market.
SEC Rejects ProShares and Seven Other Bitcoin ETFsThe U.S. Securities and Exchange Commission has again disapproved several proposals for a Bitcoin ETF. The latest rejection involves two ETFs filed by ProShares that would track Bitcoin futures contracts, another from GraniteShares, and five leveraged and inverse ETFs from Direxion.
Thursday Deadline Looms for SEC Ruling on ProShares Bitcoin ETFThe U.S. SEC’s final deadline to approve or deny the two ProShares Bitcoin ETFs is on 23 August 2018, and unlike the regulator’s earlier decision to delay a ruling for the Cboe’s VanEck/SolidX bitcoin ETF, this rule change proposal – filed by ProShares in conjunction with NYSE Arca – cannot be postponed any further.