2018-7-30 16:51 |
The latest rejection was basically after the second time review request from BZX for the Bitcoin ETF which was filed by Winklevoss Twins two years back in 2016.
Twitter Crypto Community Responds to The Latest News on Bitcoin ETF Rejection
After the crypto community dug into the matter of the latest SEC ruling, things got pretty clear.
Such as: https://t.co/w5nkfi5OHY
— Tim Swanson (@ofnumbers) July 27, 2018
However, many in the market seemed to be confusing the Bitcoin ETF rejection of Winklevoss Twins with the latest Bitcoin ETF filed by the CBOE exchange through the Vaneck Solidx Bitcoin Trust (“the Trust”).
— Joseph Young (@iamjosephyoung) July 26, 2018
While some were much inclined on asking what is stopping SEC from granting Bitcoin ETF to long-established crypto players like Gemini if they can consider the Bitcoin ETF from VanEck.
Last year, the SEC rejected VanEck Vectors Bitcoin Strategy ETF, a futures-based bitcoin ETF citing multiple concerns for cryptocurrency-related investment funds like liquidity, valuation, custody, potential manipulation, arbitrage and other things.
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