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SEC Quietly Puts Bitcoin ETF Proposals Back on the Table
Apr 6, 2018
 

SEC Quietly Puts Bitcoin ETF Proposals Back on the Table

The US Securities and Exchange Commission (SEC) has quietly begun considering two Bitcoin ETF proposals, public documents show. According to SEC documents dated March 23, the agency has instituted formal proceedings to determine whether to approve a rule change that would allow NYSE Arca to list two exchange-traded funds (ETFs) proposed by fund provider ProShares. ProShares Bitcoin ETF and ProShares Short Bitcoin ETF would each hold Bitcoin futures contracts, providing retail investors with the ability to indirectly invest in the flagship cryptocurrency — or bet against it — through a familiar investment product. ProShares had first proposed these two funds in September — before CBOE and CME had launched their Bitcoin futures products — and NYSE Arca began seeking SEC approval to list these funds in December. Source: CCN (https://www.ccn.com/sec-quietly-puts-bitcoin-etf-proposals-back-on-the-table/)

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