SEC Asks for More Comments on Rejected Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) is asking for further comment on nine different bitcoin exchange-traded fund rule change proposals that currently under review after initially being rejected.

The SEC had previously rejected the proposals — pursued by ProShares, GraniteShares and Direxion along with market providers NYSE Arca or Cboe — while highlighting issues with the underlying bitcoin futures markets and the risk that the actual spot bitcoin market is at risk of manipulation.

A day after the nine rejections, the agency said that its leadership would review those decisions.

In new filings published Thursday, the SEC asked for public comment on all nine proposals, designating October 26 as the due date for any new comments that the general public wishes to make.

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