This article from seeking alpha today, implies approval coming.
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I'm Betting That The SEC Will Approve COIN
Mar. 8.17 | About: Winklevoss Bitcoin (COIN)
Michael Hooper
Long-term horizon, research analyst, dividend growth investing, large-cap
Thoughtful Investor
(662 followers)
Summary
I bought Bitcoin ahead of SEC ruling in anticipation of approval of Winklevoss Bitcoin Trust ETF.
A vague SEC document seems to imply approval.
Total Bitcoin market cap is around $20 billion.
I'm confident the U.S. Securities and Exchange Commission will approve the Winklevoss Bitcoin Trust ETF (Pending:COIN) by Monday.
The following SEC memo about a Feb. 14 meeting between SEC officials and the Winklevoss Twins implies the SEC plans for approval of the Winklevoss Bitcoin Trust ETF. The Memo was released and dated Feb. 22. There were 25 people at the meeting.
The SEC memo is from Neel Maitra, Attorney-Adviser Office of Market Supervision, Division of Trading and Markets U.S. Securities and Exchange Commission. "The discussion concerned Bats BZX Exchange, Inc.'s proposed rule change to list and trade, pursuant to BZX Rule 14.11(e)(4), shares issued by the Winklevoss Bitcoin Trust," the memo says.
On February 14, 2017, Gary Goldsholle, David Shillman, Michael E. Coe, Thomas Eady, Edward Cho, Michou Nguyen, and Neel Maitra, from the Division of Trading and Markets, and Sonia Barros, Karen Garnett, Amy Starr, Robert F. Telewicz, Jr., Coy Garrison, Cindy Oh, David Walz, Shannon Sobotka, and Rahul Patel, from the Division of Corporation Finance, met with the following individuals: Cameron Winklevoss, Chief Executive Officer, Digital Asset Services, LLC; Tyler Winklevoss, Chief Financial Officer, Digital Asset Services, LLC; Benjamin Small, Chief Operating Officer, Digital Asset Services, LLC; John DiBacco, Global Head, Equities Trading, KCG Holdings; Laura Morrison, Senior Vice President, Global Head of Exchange Traded Products, Bats Global Markets; Kyle Murray, Assistant General Counsel, Bats Global Markets; Phil Nanof, ETF Product Specialist, State Street Global Services; Eric Noll, President and Chief Executive Officer, Convergex Group, LLC; Damon Walvoord, Head of ETF Capital Markets and Global Portfolio Trading, Susquehanna International Group, LLP; Edward Baer, Ropes & Gray LLP; and David G. Tittsworth, Ropes & Gray LLP.
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