It seems like Bitcoin exchange traded funds are just not meant to be. They were rejected by the regular SEC staff at first, but later on SEC’s spokesperson Hester Peirce demanded to reconsider the rejection.
Yesterday's staff orders disapproving SRO rules related to a number of bitcoin ETFs are stayed pending Commission review. See, for example: https://t.co/Ky9Z8t1E4q
— Hester Peirce (@HesterPeirce) August 23, 2018
We remind you that this decision was actually supposed to be released only in September.
Although the SEC keeps silent still, most experts believe that the ETFs are doomed. A famous crypto analytics specialist Mati Greenspan said the following:
“Unfortunately, it does seem that the 9 will indeed remain rejected and that Hester was only following protestful protocol by ordering the review.”
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