SEC asks for additional comments on rejected Bitcoin ETFs

posted 2 months ago
The US Securities and Exchange Commission is asking for comments on 9 different Bitcoin exchange-traded fund (ETF) rule change proposals that are currently under review after initially being rejected. The SEC had previously rejected the proposals while highlighting issues with the underlying Bitcoin futures markets and the risk that the actual spot Bitcoin market is at risk of manipulation.

In new filings published Thursday, the SEC asked for public comment on all nine proposals, designating October 26th as the due date for any new comments that the general public wishes to make. "It is further ordered that the order disapproving [the proposed rule changes] shall remain in effect pending the Commission's review... by October 26, 2018, any party or other person may file a statement in support of, or in opposition to [the ETF rule proposals]" wrote assistant secretary Eduardo Aleman. The SEC is also separately considering a Bitcoin ETF proposed by crypto startup SolidX and money management firm VanEck.
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