Following the SEC’s recent rejection of 9 ETF applications, as noted in yesterday’s Daily, the regulatory body has announced that it will review these decisions.
The SEC has rejected a total of nine application to list and trade various Bitcoin ETFs from three different applicants (ProShares, Direxion and GraniteShares), on the basis of perceived inadequate “resistance [framework] to price manipulation”, in an insufficiently sized Bitcoin derivatives market.
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