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SEC To Review Proposed Rule Changes For Nine Bitcoin ETF Applications

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Fri, 5/10/2018 - 17:23
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SEC To Review Proposed Rule Changes For Nine Bitcoin ETF Applications
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The U.S. Securities and Exchange Commission (SEC) has set a deadline for reviewing nine applications to list and trade various Bitcoin exchange-traded funds (ETFs) on Oct. 26.

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The applications include two submitted by ProShares for listing on New York Stock Exchange (NYSE) ETF exchange NYSE Arca, five by Direxion also for listing there, and two by GraniteShares for listing on Chicago Board Options Exchange (CBOE).

“By October 26, 2018, any party or other person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority,” the SEC stated.

Earlier this year, the SEC has rejected the proposals but decided to review its decision just a day after.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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