SEC to re-examine Winklevoss’Twins Bitcoin ETF proposal
On March 11, the United States Securities Exchange Commission (SEC) denied and rejected the application for approval of Bitcoin ETF. The application was filed by Winklevoss Twins and was rejected for the second time. (click here to read full article)
But now, the application is again being reviewed by US Securities Exchange Commission (SEC). Speculators bets that this time the ETF may get approved and hence are bullish on Bitcoin Prices.
After March 11, another Bitcoin ETF application was again rejected by US SEC which was filed by SolidX. The reasons mentioned by SEC for rejecting the plea was that it stated the fact that Bitcoin is not able to be regularized and it lacks investor protection. (click here to read full article)
Ethereum ETF also under consideration
The US SEC is also considering Ethereum ETF. If it get’s approves it will be listed on New York Stock Exchange (NYSE).
SEC states that Ethereum is unlike Bitcoin . It also mentioned that “ether was not designed to function purely as a store of value. Instead, ether was meant to pay for specific actions on the Ethereum Network“.
The SEC is considering Ethereum ETF actively.