The U.S. Securities and Exchange Commission (SEC) has said it will review the disapproval orders for nine bitcoin ETFs issued on Wednesday.
As CoinDesk previously reported, SEC staffers rejected proposals from three companies – Proshares, GraniteShares and Direxion – in a triple-set of orders published late yesterday. Now, according to the letters, senior SEC officials will review those orders, though it’s unclear at this time when the review will be completed.
“The Office of the Secretary will notify you of any pertinent action taken by the Commission,” Fields added. Similar language was used in two others letters, including another sent to NYSE Group and Cboe Global Markets.
The news was announced by commissioner Hester Peirce, who notably dissented from a decision last month that saw the SEC shoot down, for a second time, a proposed bitcoin ETF from investors Cameron and Tyler Winklevoss.
In a follow-up tweet, Commissioner Peirce explained the steps to come as the SEC moves to review the decisions.
“In English: the Commission (Chairman and Commissioners) delegates some tasks to its staff. When the staff acts in such cases, it acts on behalf of the Commission. The Commission may review the staff’s action, as will now happen here,” Peirce wrote.
- Amazon reversed from resistance level 190.00 - Likely to fall to support level 180.00…
- USDCHF reversed from round support level 0.9000 - Likely to rise to resistance level…
Market picture The release of US inflation data sparked a surge in risk asset purchases,…
• Gold broke daily down channel • Likely to reach resistance level 2415.00 Gold recently…
• AUDUSD broke key resistance level 0.6650 • Likely to reach resistance level 0.6760 AUDUSD…
The US dollar has been under relentless pressure since last Thursday, approaching more than one-month…
This website uses cookies