Coin Citadel (CCTL)

[Topfloor@Young$]

The SEC intends to review its decision to reject a bitcoin exchange-traded fund proposed by investors Cameron and Tyler Winklevoss.

As previously reported by CoinDesk, the SEC shot down a bid by the Winklevoss brothers to get the ETF listed on the Bats BZX exchange in March. Specifically, the agency declined a rule change proposed by Bats that would have cleared the path for the ETF, citing a lack of market surveillance and regulation.

Less than two weeks after the decision was handed down, Bats petitioned for a review – a move that the agency has now greenlit.

The SEC said yesterday that it had approved the review, opening the door to further comment between now and 15th May.


http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/