Securities and Exchange Commission will review its decision of rejecting a bitcoin exchange-traded fund by twin brothers Cameron and Tyler Winklevoss.
The SEC declined the proposal by the brothers for listing the ETF on Bats BZX exchange in March. The Bats again filled the petition for the second shot that has been accepted by SEC which means they’ll surely look into ETF rejection matter.
According to the coindesk report, the SEC can give chance to the ETF after giving a second shot, the notice published on Tuesday on SEC website stated:
“The Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017.”
The SEC decision is completely unpredictable on the bitcoin ETF. The bullishness of the bitcoin can be seen within a day of publishing this notice on the website. The traders looking out to buy bitcoin and rest to sell bitcoin.