Bitcoin ETF: SEC Receives 84% Negative Feedback on Application

Bitcoin ETF: SEC Receives 84% Negative Feedback on Application


The SEC received just seven comment letters from the public in response to a solicitation for feedback it had requested in February 2019. Of those, six urged the agency to reject the application. (That’s around 84%.) The industry’s enthusiasm for a Bitcoin ETF (exchange-traded fund) appears to be waning — if you judge that by the dearth of new comment letters to the Securities and Exchange Commission in support of the investment vehicle. Commenter: Bitcoin ‘Is Volatile, Manipulated’ Dina Pinto wrote: “It is in my opinion that Bitcoin to date has no solid ground on which to base a serious

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Posted by Samantha Chang on March 19, 2019 @ https://www.ccn.com/bitcoin-etf-sec-receives-84-negative-feedback-on-application

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